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980 | 6 | Which good business "staples" sector stocks are you looking into? | null | 7 comments | 2023-06-24 | I have been intrigued with consumer staples. XLP for example has not lost as much as other equities.Companies like POST are doing quite well.Other more ag -sectors like Darling Ingredients (DAR) also looks appealing.Sector rotation into these again could be coming, so may allocate more into this sector. | 2023-07-24 |
981 | 5 | ETF/Stocks with most exposure to electric motors? | null | 37 comments | 2023-06-24 | Anybody been able to look into this? Looking for a good long term investment, hopefully in a etf/collection of stocks focused primarily on the manufacturing of small/med electric motors (lawn motors, cars, etc) | 2023-07-24 |
982 | 1.0k | Are we being fooled in the name of an upcoming recession?
Industry Discussion | null | 619 | 2023-06-24 | The S&P 500 is up 12% YTD, along with a notable 20% climb from the low point experienced last year.
The positive trends are suggesting that we may have entered another Bull market.
However, we are still hearing things like "recession is coming" and "the worst is yet to come".
It makes me wonder could be a deliberate strategy employed by major institutions ?
Is it possible that big institutions are strategically capitalizing on market downturns, purchasing stocks at reduced rates, all the while fostering apprehension among retail investors? | 2023-07-24 |
983 | 2 | Placing opening market trades...
Industry Question | null | 1 Comment | 2023-06-24 | Across Yahoo Finance, Marketwatch and Benzinga, they all carry the same pre-market figures. The one on T212 I use is slightly higher. It seems to me that when the market opens that the figures are always 20-30% out.
Where do they get the pre-market figures from? Do they combine multiple sources and average them?
If I'm gonna place new trades for example, Friday was $9.00 and Monday's pre-market is $12.00, I'm gonna place a trade of $10.50-11.00, to catch the morning ride.
Has anyone done this? | 2023-07-24 |
984 | 0 | Recommend me green stocks | null | 48 | 2023-06-24 | I’m looking to expand my portfolio for green stocks. Anything to do with solar/wind/renewables, the rare earth minerals needed for them, promising new tech, carbon conversion/storage, etc.
I’ve got most of this money in index funds like FAN, TAN, ICLN, QCLN, GMET. If you have other such index type funds please recommend those too. Here’s a list of some I already invest in.
HASI, NEE, AQN, BPEC, AES, NRG, CSIQ,
I’m down for a little speculative risk, but mostly I’m after dependable long term growth, so aiming for companies that produce power, not individual solar panel/car producers. | 2023-07-24 |
985 | Vote | Um eine Terrororganisation von innen zu stürzen, gehen die Agentinnen Cruz und Joe undercover. | https://alb.reddit.com/cr?za=O3EV8wQm4XGTu0HmNPV4LmjCBZOw4XeYOLvo0qzNzQ-CdbTyZSB0Zo60GHE73OXR9kdLIfFAXSlb_G0Vq5Jiduh178l6zFJOIgQZVYQsMjmiVk4CSJvaHYZrrxXx3LWOT7PNwOhVS15wxbo5W51V9d8s83ExO_w7EFNERiSs2ZbDedFrtdhHAQKW3jGihRB4ObgdYLOBrj0I390qZswoD1rx2yEMVQ4gyykTxer9sXtUquLIf5DUtLzf4afFngt59172R_vnSAa7LSSi2AVT3bj_pc_LnmTfhJ7DCr9MH8m1DjmSeh9Y2jj6B5yb-0nsHSRajNKsW7rPpn-GS4-fiRtY7kxcVA4ke36Ls6FLSy0tzlQMbydKxJrNKWxs4X4KkkiUmA&zp=LLk9-OF7PS9ZZkgtb7svMS2zSVI-FmGRToYxeZB3Dw3RUPXfz8teU5mjpYP2pnvpltqKNqqV6CWZj7X_LRkhmzVjQDBMSWvCmWksyYdYpvvEt0h4m_neV8GYYw_QxlIhCWBoIcqBGKuU3lzSJHRoxXSEhiLytslhoCAYtvG7pOuUfOUr2trq8Vmk762faI2N | 0 | null | null | 2023-07-24 |
986 | 112 | Why didn’t the “next wave” of tech do well? (e.g, Uber, Zillow, Yelp) | null | 149 | 2023-06-24 | Sorry if this is a stupid question but I can’t find anything addressing it in search.
It seems like the 2010s heir-apparents to FAANG (like Uber and Zillow) flopped, yet you’d think that by now there’d have been a next wave of companies to overshadow the blue-chip giants. These guys sounded good as startups, poised to disrupt new spaces, but TSLA seems to be the lone exception doing well as a stock.
I know each company has its own story but is there a bigger picture that emerges? Hopefully AI will usher in the next tech boom but I’m still curious about that ”cohort” and whether there’s still any hope for them in terms of long-term growth.
(Disclosure: no open positions in stocks mentioned but pondering whether to get in.) | 2023-07-24 |
987 | 526 | are reddit layoffs and api data access charges an attempt at making their books look better ahead of becoming a publicly traded company?
Company Question | null | 219 | 2023-06-24 | i found an article by Aran Richarson on yahoo finance titled "will the reddit ipo finally happen later in 2023?" allong with other changes in recent years like increasingly intrusive advertising that made me wonder if that's the case. | 2023-07-24 |
988 | 13 | Is CWEN a better growth investment than NEE?
Advice Request | null | 11 | 2023-06-24 | I am a 15m who’s looking for a good growth portfolio, and I’ve been looking at the SeekingAlpha stock comparison tool to get all this info:
CWEN has:
higher Enterprise Value than market cap than NEE
double the ROE than NEE
higher gross profit margin than NEE
higher total return than NEE
(49%) levered FCF margin while NEE has a (-60%)
a significantly lower market cap than NEE
NEE has:
higher percentage of return on total capital
higher price return
higher amount of assets
higher operating income
a much higher market cap than CWEN | 2023-07-24 |
989 | 35 | SP 500, NASDAQ or a mix of both for a young investor? | null | 55 comments | 2023-06-24 | Hi all, I’m a teenager with about $1,000 saved up and am interested in investing in the market to avoid inflation. Obviously the SP seems like a safer, more reliable option. But because I’m young and won’t have any major purchases within 10-15 years I feel as though I can afford more risk. What do you guys think? | 2023-07-24 |
990 | 1 | 2M+ investors from 200+ countries/territories trade on 150+ global exchanges in 26 currencies. Your capital is at risk. | https://alb.reddit.com/cr?za=GTLbvC-M53oy2VIU6YJHeR4qree-2vPE-Qt6hCoOqRtkNL5ppWPmtTSW6cnyUguiZRsL4f2xiBDX65tWTK64bTfNmk6m3s0d12nh0Bbrh4ar_dwQGzGlbhKIg-ryTB9YmmJ7hBrJM3dp4d6D8giUKoxeEF2pFfSVGg0N3RqK0AYPJQzyr2TGKLvj72CPRXldOmQyRar11mCNZZedLyS3Pm1UDYlBYrw_nFud3aZdJyMbyt_cyDVDP1vGwsXBseVmPINWr3dBMMe14cpjvKDT8sHW0CnvpyIDyDO9n_tcYDcu_uG1uIvyUlG6z1E74Nl8X8HBozJ2dcadme3ej1QapUkRsAAywC2MlULeQ-YpMPWQp7GAeKpSf57G9_Ykk_IhW_dYl5DT&zp=qoCccOExvK2uOtPvb5l9Za_uUjtwlavMTNuDLJ0Llgt6HP2fD3ISYHPwTKIqGyFJlBEnnM2LmoxaI3IsX6Z1QUk-66nXVM28ajYWS3MvkiIIb_mL5mCf9PAuet3mta0KwuV3wQ0ixvRbnWFrBHMc_tir6mZrQDUUPDmNFaQWqggIau7thYx0B2DidSQQNP9e2U9_JCJ2UEnv1Vmu_wuUEbqFYi_vj5WWEeulCXtSh8Dt-FL8bYHA | 0 comments | null | null | 2023-07-24 |
991 | 2.2k | Tech leaders are calling for an A.I. pause because they have no product ready, Palantir CEO says | null | 326 comments | 2023-05-24 | https://www.cnbc.com/2023/06/09/tech-leaders-ai-pause-no-product-ready-palantir.htmlPalantir’s boss Alex Karp opposes the idea of a pause in artificial intelligence research, in contrast to an open letter from the Future of Life Institute signed by some of the biggest names in the tech industry. The letter, which has garnered over 31,000 signatures including names like Tesla CEO Elon Musk and Apple co-founder Steve Wozniak, called for a pause on AI research on models larger than GPT-4, which powers tools such as ChatGPT. The letter also said that if “such a pause cannot be enacted quickly, governments should step in and institute a moratorium.” Speaking to BBC Radio in an interview broadcast Thursday, Karp said he is of the view that “many of the people asking for a pause, are asking for a pause because they have no product.”He added, without naming anyone, that this is because “people who have nothing to offer want to study AI,” but by taking a pause, this could lead to adversaries stealing a lead in not only commercial applications, but also military applications. To him, “studying this and allowing other people to win both on commercial areas and on the battlefield” is a really bad strategy. When asked if what he wanted was an “A.I. race” akin to the arms race of the Cold War, Karp simply stated that “there is already an A.I. arms race, it’s just we’re ahead, [and] it’s not like if we slow down, the AI race will stop.”He pointed out that the “single most important event” in this race is not large language models like GPT-4, but instead how AI has been utilized in military applications. Karp points out that Ukrainian forces have used Palantir technologies to gain a technological edge over invading Russian forces. A report from The Times in December 2022 revealed that Palantir’s AI has allowed Ukraine to increase the accuracy, speed and deadliness of its artillery strikes despite having comparatively smaller artillery forces. Palantir sells software to governments and private sector organizations which help them analyze large quantities of data. The advent of this AI-powered software on the battlefield “just throws down a gauntlet to every single country in the world,” Karp said. He added, “especially [to] our adversaries, they cannot afford for us to have this advantage. And so, the race is on. There’s only a question of do we stay ahead or do we cede the lead.” | 2023-07-24 |
992 | 19 | Beyond Meat (BYND) DCF Analysis | null | 43 comments | 2023-06-24 | INTRODUCTION:BYND is a company that produces plant-based meat. It’s currently at its growth period having their IPO very recently in 2019. These couple years have been rough for BYND as it burns through cash to establish market share, faces negative net income and multiple health scares. Management’s plans for success are Price Parity with Animal protein, Enhancing Taste, Aroma and Texture to taste like Animal protein, Education on Misinformation + Health benefits of BYND and Plans to cut off fats such as Better Inventory management, Layoffs, Increased capital efficiency, Improve their operating expenditure situation.REVENUE:TOTAL ADDRESSABLE MARKETI’ve used a top-down approach when building my revenue model. I followed the revenue forecast of the meat industry [Plant based inclusive] (SOURCE)%STAKEThe %stake of the market held by BYND changes to a small extent to avoid being too optimistic in my forecast. I used historic numbers when forecasting %stake.COSTThe general principle I took for forecasting Cost was following management’s guidance from 2023 Q1, their goal of “Sustainable growth” and focusing more on margins.COGSInitially, COGS is going to be lower from reduction in co-packing and overall headcount bringing production more in house.(SOURCE)But going forward, COGS is going to be lower due to higher economies of scale. (SOURCE) Management has set forth that they plan to achieve price parity with animal protein by 2024, so the largest fall in COGS will appear in the first few years of forecast.The moment price parity is achieved, I’d guess that it takes 2-3 years for BYND to reach close to the level of margins as the animal protein industry as BYND needs to sort out other issues e.g., how to more efficiently ship higher volume, Agriculture has ops. margins of 7.84% (SOURCE).ADVERTISINGAdvertising is going to slightly increase in the first few years of forecast. Management has stated that there is a lot of disinformation in the market and consumers are relatively unaware of the health benefits of BYND (SOURCE). So, management will scale up advertising efforts. Opting for less granularity I assume that advertising will remain the same as 2022.SHIPPINGOpting for less granularity when forecasting Shipping, the cost of Shipping is constant for the past few years so Shipping is assumed to follow historic trends.During the high growth period, BYND may be not ready to deal with larger volume of sales so I’d assume that cost of shipping slightly ticks upwards for the next 2-3 years before tending back down.OVERALLMargins of BYND will be higher than Animal protein due to cheaper production cost (SOURCE), e.g. Pea protein costs $5/kg whereas Animal protein costs $300/kgNON-CASH ADJUSTMENT:D&A and CapEXManagement has given out guidance that they want to get more capital efficient, so for the first few years of forecast I’d assume that BYND has net negative or close to net negative CapEX for the first few years. Onwards, as BYND develops better products and gets more widely recognized they will begin priming their net reinvestment for growth before tapering down for maturity.Change in NWCManagement has given guidance that their inventory levels are quite high and they are planning on selling off, I’d assume that the first few years they are aggressively selling off inventory. But in the long run, they will have positive change in NWC as I believe they may require to hold some stock.WACC:COST OF EQUITYRFR (1M Average) = 3.53%4105.02 = [4.58% x 4105.02] x (1+5%) / (1+R) + ([4.58% x 4105.02] x (1+5%)) x (1+3.417%) / R - 3.417% / (1+R) ^2R = 8.635%ERP = 5.105%Beta = 2.00 (SOURCE)COE = 13.74%COST OF DEBTBYND has no credit rating, negative EBIT so no interest coverage ratio and no outstanding bond with a market YTM. So, the best proxy to use is book yield.Interest expense = 3.966MTotal Interest-bearing Liability = 60.359MCOD = 6.57%WEIGHTAGEBYND has 1 billion worth of convertible bonds at conversion price of $206 per share, so it’s OTM.Total liability = 1093.05MShare price (1M Average) = $10.185Shares O/S = 64094.52MMarket Value Equity = 737727.91M%Equity = 99.8%%Liability = 0.02%Marginal Tax Rate = 21%WACC = 13.71%EFFICIENT WACCThe elevated WACC that BYND faces is only because it is a new company with an unproven business model and not yet enjoying the full extent of economies of scale. So, I’ve looked at the averages for the agriculture industry and assumed that BYND will tend towards these numbers as the business gets more efficient, COD remains constant.Average Unlevered Beta = 0.91Average D/E ratio = 33.87%Average Levered Beta = 1.15Average COE = 9.40%Average WACC = 8.33%R&D:R&DHistorical data has to be reconciled as management treats R&D expenditure as an operating cost. This is inaccurate as R&D provides value for more than a year, so it should be capitalized. Assume R&D expenditure counted from 2017 onwards and it takes 6 years to develop a product. (SOURCE)CONCLUSION:I value BYND at $17.10 for my base case. BYND has a hidden pocket of value that most investors do not consider, their NOL carryforward. Even when we take a conservative view and only consider those that do not expire. Their NOL carryforward is still 738M. I believe that as countries turn to be more environmentally conscious BYND will be the first in line to profit. Even if environmental concern is out of the picture, plant protein has a huge potential to be significantly cheaper and even healthier than animal protein. The less privileged will be able to benefit from this, not having to pick between health and hunger.DCF (BASE) : [SOURCE]DCF (WORST) : [SOURCE]DCF (BEST) : [SOURCE]Revenue Model : [SOURCE]Cost Model : [SOURCE]QUESTIONS & POTENTIAL ERRORS:How can BYND penetrate into Asia if most products are Westernized e.g., Burger patty?BYND may not be able to achieve EOS as “The common plants used for protein in alternative meats, such as peas, are only being produced in a few countries” (SOURCE)Given that I used book yield as a last resort, it may not necessarily give the most accurate representation for Cost of Debt.Management may or may not tend towards the efficient wacc I’ve defined in my DCF for reasons such as they may not be able to cheaply do it or may not see a need to do so in general. | 2023-07-24 |
993 | 14 | Tech is the future | null | 76 comments | 2023-06-24 | I see a lot of posts about people missing the tech run up, saying tech is way over valued (which yes in some cases certain stocks are) but tech is the future. We are moving into a new phase of human advancement and the Technological phase is it. It's not going away, it's only going to get more prominent in our daily lives as AI takes over and advancements propell humanity into unknown territory. IMO tech should be a massive focus of one's portfolio if you're in it for the long haul investment strategy. Every single industry will be enhanced or replaced with some form of tech and I truly believe a tech heavy portfolio will only continue to out perform other industries for decades to come. | 2023-07-24 |
994 | 2 | Bloomberg vs FT for finance news? | null | 4 comments | 2023-06-24 | Hi!I’m a corporate finance MSc undergraduate based in Europe (so US markets and stocks is secondary). I am looking for a news subscription with the emphasis on corporate and financial news (not so mich politics). I’m a bit hesitant to decide. Perhaps you can help.I boiled down to two:Bloomberg (Businessweek)Financial TimesI said corporate finance which is pretty broad but of course bonds, stocks, mergers, banks would be the main interest and to be up to date.Thx | 2023-07-24 |
995 | 4 | Anyone know a SCHD/JEPI like fund alternative that DOES NOT pay dividend? | null | 15 comments | 2023-06-24 | Is there any funds like SCHD or JEPI that instead of paying out a dividend uses that cash themselves to purchase more assets to value growth over the dividend payout?Asking this as Canadians have an account that gives us tax free growth in US stocks however we get taxed on dividends 15% still.Any help is greatly appreciated. | 2023-07-24 |
996 | 24 | /r/Stocks Weekend Discussion Saturday - Jun 10, 2023 | null | 126 comments | 2023-06-24 | This is the weekend edition of our stickied discussion thread. Discuss your trades / moves from last week and what you're planning on doing for the week ahead.Some helpful links:Finviz for charts, fundamentals, and aggregated news on individual stocksBloomberg market newsStreetInsider news:Market Check - Possibly why the market is doing what it's doing including sudden spikes/dipsReuters aggregated - Global newsIf you have a basic question, for example "what is EPS," then google "investopedia EPS" and click the investopedia article on it; do this for everything until you have a more in depth question or just want to share what you learned.Please discuss your portfolios in the Rate My Portfolio sticky..See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. | 2023-07-24 |
997 | 34 | Favorite tech stock? | null | 97 comments | 2023-06-24 | I'm not looking for the mega-cap FAANGs everyone is aware of (as well as Nvidia and the semicaps - KLAC, AMAT, LRCX) lol but mid-cap/large-cap software/hardware/etc firms operating in niche market segments that have opportunities for growth - right now, I'm looking at MDB, DT, and FTNT but always looking for more | 2023-07-24 |
998 | Vote | Verliebt, verkatert, hyped oder entspannt. Das Radio SRF Virus ist live mit dir, für alle deine Moods. Mit unseren fünf Hosts mit fünfmal mehr Charakter. Jetzt reinhören und mitreden. | https://alb.reddit.com/cr?za=slfPDMz9N19YTWHceVAIyUkxKUSzI7qCvb4AsD1R88_D1a0sjHOcQCwcKfgzKsZNgeETq4P-qWRdes4jmlHrl6rVnW-7hPJaIYRqkkt9Ot3UvqWI4N7CzFAggkeBuxw6yYP4p3xAiFODN2HEft_RqCqm0SYrdODPjbfkhkDToUNOFn5n0RUJEHnlTedvN2DRQJfKUuzb_3t9ICVwnYtj1GDQjH4rTu3d_iQZK5PZu5ZS0xCog9zKMnFZyOANPB997miG1acJvgK3gmi13YbZFjOl2ZdzuSvtdnw5uBvcvt_uGvPYZdlc-Q-crBHqYIKMOLXyls8sX7aCARhCC9PDz_3QEBglrLXYauHY4AWPC6yrA7lJ4oOh3DkxwtRtE3V9&zp=HGpxnN4cvCGgfQcbPjH-y1CRdJo6yM6jDa2RY2hDjEaczaNZDqAconIRFjykpSn4HwZL8Pcbv4TF2tFlLmu6sOdiZKn5BN6YJOE3fNXCm1nkYSk4cjRDgWHpLRhWXYuW5pP5sqd14JrgGUIbZBuRZqFviuR8jl7gTXkk5ADHkEaxShRyBfQa9H2imfAwWCRqUlDXCcRnZx5kjhIKxstrj0gjivwXrxRyvtq4RRyEd9A97Aa3lPySvHGC1fwNbrN8Jg1rbF5IyA | 0 comments | null | null | 2023-07-24 |
999 | 8 | PE Ratio diverging from 10 year bond yield | null | 7 comments | 2023-06-24 | See Figure 5 at the link below. Since the October low there has been a major decoupling of this relationship. The blue line had been consistently at or below the red line...until then. Any thoughts on this divergence? (And in this case, you can argue that correlation between the two makes sense, because when bond yields are higher, they are an attractive alternative investment to stocks).https://www.yardeni.com/pub/sp5peinflby.pdf | 2023-07-24 |
1,000 | 0 | Choosing between Webull & Robinhood ? | null | 107 comments | 2023-06-24 | Need advise choosing between brokers that I have found are 0 $ commissions for option contract trading.Webull & Robinhood are both free for options scalping, as compared to TD ameritrade. But my question is : Are these 0 commission brokers charging some exorbiant markup / wide bid ask spread ? Because surely they gotta take their profit from somewhere, and I'm concerned if overall TD ameritrade which only charges .65 $ per contract still ends up being the cheaper option after accounting for any mark up / hidden bid ask charges that webull / robinhood charges ?Also are these new brokerages safe ?Thanks all | 2023-07-24 |
1,001 | 0 | Suspended from RH options trading with no explanation | null | 60 comments | 2023-06-24 | So I was recently "disqualified" from placing options trades from RH, after enjoying the privilege for 2 years... for the past year I've solely been selling call options on some of my losing trades, quite successfully I might add. In that time, I've never once been unemployed, my salary has risen over 100%, and I've never traded on margin. Upon contacting support, I was told that "we recently determined the options level in your brokerage no longer seems appropriate based on our criteria, as a result you won't be able to open new options positions". After probing further on what those criteria are, I got the reply that "due to regulations, brokerages cannot disclose the criteria...".This puts me in quite the conundrum, not to mention makes me furious, because I'm a Robinhood Gold user with over 100k in the account, but if I'm unable to trade options it doesn't seem like the right brokerage for me. However, I don't think I can bid goodbye to the 4.65% interest I'm getting there. Please help with my conundrum! I don't want to associate myself with the brokerage that without explanation cancels my options trading privileges but I think moving everything out of there and getting a matching APY would be tough.Thanks for your inputs! | 2023-07-24 |
1,002 | 171 | r/Stocks going dark poll ends with 67% in favor of a 3 day blackout | null | 55 comments | 2023-05-24 | The Rate my Portfolio sticky can be found here.Results here, an official response from r/stocks mods to come; feel free to leave feedback in this post in the mean time.tl;dr blackout period is from 12am eastern June 12th and ending 11:59pm eastern June 14th.update apollo & rif are shutting down June 30th, this let to a hasty decision last night to run a 2nd poll on extending (or even shortening) the blackout, but this morning due to complaints (and my own realization) that it was not honoring the original results of the last poll, the taken down poll text can be seen here HOWEVER this does not stop us from doing an extended blackout after June 14th when an actual 2nd poll will be releasedupdate2 there was a call between reddit admin steve/spez and developers, details here which directly resulted in apollo/rif announcing their shutdownupdate3 during the blackout while r/stocks is private, the private message will include a link to the investing discord chat that a few financial subs are using: https://discord.com/invite/investors feel free to join now | 2023-07-24 |
1,003 | 0 | BRK.B after WB / CM passes away? | null | 22 comments | 2023-06-24 | This has outperformed the S&P over 30 years and the exposure to private companies (Duracell, railroads, Geico, etc) is clutch. I like no dividends so less taxes and their cash on hand is insane.I think they have a contingency if their price reactionarily falls after WB passing then they will have more extreme buy backs. Or it may rise as the successor may be willing to invest in other stocks/businesses not once favored.Either way I think BRK.B is a stellar option | 2023-07-24 |
1,004 | 1 | r/Stocks Weekly Thread on Meme Stocks Saturday - Jun 10, 2023 | null | 0 comments | 2023-06-24 | The meme stock scheduled posts will now run weekly and post Saturday afternoon and won't be a sticky; you're probably seeing this because automod sent you here!Full list of meme stocks here. This will be updated every once in a while.Welcome traders who just can't help them selves discuss the same exact stock that's been discussed 100s of times a day. I get it, you want to talk about what's popular, what's hot, and that 1.. single.. stock you like.. well here you go! Some helpful links just for you:Previous meme stock threadsGeneral discussionsThe original GME megathread with a ton of useful informationUse Finviz for aggregated news on your favorite stockAn important message from our mod u/TCGYT regarding meme stocks.Lastly if you need professional help:Problem Gambling: Call/Text: 1-800-522-4700 or chat online now.Crisis Hotline (24/7): 1-800-273-TALK (8255) (Veterans, press 1) or Text “HOME” to 741-741 | 2023-07-24 |
1,005 | 22 | U.S. awards supply contracts for 3 mln bbl SPR purchase at $73/bbl | null | 42 comments | 2023-06-24 | https://www.nasdaq.com/articles/u.s.-awards-supply-contracts-for-3-mln-bbl-spr-purchase-at-$73-bblThe U.S. Department of Energy said on Friday it awarded supply contracts to five companies to deliver 3 million barrels of crude oil to the Strategic Petroleum Reserve in August at an average price of $73 per barrel.The DOE had announced the purchase plan in May as a step to refill the emergency stockpile after a record release following Russia's invasion of Ukraine.The department also said on Friday it launched a new solicitation for another 3 million barrels for delivery to the stockpile in September. | 2023-07-24 |
1,006 | 43 | New Ocean Update for The Wandering Village | https://alb.reddit.com/cr?za=YF2LszFLiuvcCz17CTd4Td8GlZSKW6_LIntKVsKOE8llvhlEudzUelnzNKRoHFVTDt6mY2rKwyclq6REyCKDJVzFRLVSHRnO6MinG4Z5XpZU-vhnJCY2lSnHLv0pxcjE1Slh46mzQ3oTp1DW0eAmWI__JBaRBP3mkSyu9chHnCLzxAed4pOtADmJ8Q48UNN-hin5WSPqHCOrBvzZX7O4UVnkN8yAgwfGkosY-AbZeKiLClsCN8tBHHMj2RDKgBiln7gW3RayOnvDo2ixZnuj0uK7n4ZRBcejPDS5snLk9BGm6_bUzVpZb7o3oonPGi-9PEX6UOtkN7a-7KikkRYbxsjjEgRZlufXhzLOHyuCyrG297IVTzKd7C0nCuTvQshTHFh-&zp=T9Mezv0TFxlwx1JWp8vVLr9PU4Kg4QFpE35ezV_Dx2ooOazJJqaWYWAyS-YdQrl1mm8KIOyFIbhwlywQRF1G4u-CqcaPMT3y9LttXgROVHSYdqRFs6np77CDqXD7CoKiiRwgxoI6dMN3Z8ooBNcpzxImMilydE0iA1yiyjPf5TtOlNvhqABXGeXmz3ptKfnRUhmzLq5Cidx4TS43amFvVzr8dqN1 | 14 comments | null | null | 2023-07-24 |
1,007 | 163 | How US stocks rose 20% from their lows, and where they might be going | null | 87 comments | 2023-05-24 | U.S. stocks have defied fears of a recession, a banking crisis and soaring Treasury yields to rise 20% from their October lows - one definition of a bull market.The benchmark S&P 500 index closed at a low of 3,577.03 on Oct. 12, 2022, down 25% from its all-time high after the Federal Reserve unleashed a series of bruising interest rate increases to fight decades-high inflation.On Thursday, it closed up 0.6% at 4,293.93, amid growing optimism over the economic outlook and a rate hiking cycle that appears to be nearing its end. Here are some features of the index's rally, and a look at where stocks might go from here.While markets seldom rise in a straight line, the S&P 500's journey from the bottom took 164 days - the longest 20% climb from a bear market low in five decades. Among the factors holding stocks back was a surge in Treasury yields to their highest levels in decades that dulled the allure of equities by offering investors the potential to earn attractive income in government-backed bonds.A crisis that saw the biggest bank busts since the Great Recession also shook investor confidence, as did worries over a potentially catastrophic fight over lifting the U.S. debt ceiling.The narrow breadth of the S&P 500's rally has been a concern for some investors, with just seven stocks - Alphabet (GOOGL.O), Apple (AAPL.O), Microsoft (MSFT.O), Amazon (AMZN.O), Meta (META.O), Nvidia (NVDA.O) and Tesla (TSLA.O) - responsible for almost all of the index's gains this year. Many investors view these stocks as safe bets in uncertain times. Their gains were also driven by excitement over advances in artificial intelligence.More recently, however, the market's gains have shown tentative signs of broadening out to other stocks.Meanwhile, volatility has subsided - not only in stocks, but in Treasuries and currencies.One reason for the calm in markets is investors' belief that the Fed is unlikely to deliver many more of the rate hikes that shook asset prices last year.Investors have also been encouraged by evidence showing that the U.S. economy continues to be resilient in the face of the central bank's monetary tightening, while inflation slowly cools. The U.S. Citigroup Economic Surprise Index (.CESIUSD) shows U.S. economic data has in aggregate topped market expectations, helped by stronger than expected numbers for employment and consumer spending.A 20% gain from bear market lows has in the past heralded further upside for stocks.In four of the last six bear markets, the S&P went on to rise 20% or more in the six months after hitting this milestone.https://www.reuters.com/markets/us/how-us-stocks-rose-20-their-lows-where-they-might-be-going-2023-06-09/ | 2023-07-24 |
1,008 | 14 | Wall Street Week Ahead for the trading week beginning June 12th, 2023 | null | 6 comments | 2023-06-24 | Good Friday evening to all of you here on r/stocks! I hope everyone on this sub made out pretty nicely in the market this past week, and are ready for the new trading week ahead. :)Here is everything you need to know to get you ready for the trading week beginning June 12th, 2023.S&P 500 notches fourth straight positive week, touches highest level since August: Live updates - (Source)The S&P 500 rose slightly Friday, touching the 4,300 level for the first time since August 2022 as investors looked ahead to upcoming inflation data and the Federal Reserve’s latest policy announcement.The broad-market index gained 0.11%, closing at 4,298.86. The Nasdaq Composite rose 0.16% to end at 13,259.14. The Dow Jones Industrial Average traded up 43.17 points, or 0.13%, closing at 33,876.78. It was the 30-stock Dow’s fourth consecutive positive day.For the week, the S&P 500 was up 0.39%. This was the broad-market index’s fourth straight winning week — a feat it last accomplished in August. The Nasdaq was up about 0.14%, posting its seventh straight winning week — its first streak of that length since November 2019. The Dow advanced 0.34%.Investors were encouraged by signs that a broader swath of stocks, including small-cap equities, was participating in the recent rally. The Russell 2000 was down slightly on the day, but notched a weekly gain of 1.9%.“It’s the first time in a while where investors seem to be feeling a greater sense of certainty. And we think that’s been a turning point from what had been more of a bearish cautious sentiment,” said Greg Bassuk, CEO at AXS Investments.“We think that as we walk through these next few weeks, that will be increasingly clear that the economy is more resilient than folks have given it credit for the last six months,” said Scott Ladner, chief investment officer at Horizon Investments. “That will sort of dawn on people that small-caps and cyclicals probably have a reasonable shot to play catch up.”The market is also looking toward next week’s consumer price index numbers and the Federal Open Market Committee meeting. Markets are currently anticipating a more than 71% probability the central bank will pause on rate hikes at the June meeting, according to the CME FedWatch Tool.This past week saw the following moves in the S&P:(CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!)S&P Sectors for this past week:(CLICK HERE FOR THE S&P SECTORS FOR THE PAST WEEK!)Major Indices for this past week:(CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!)Major Futures Markets as of Friday's close:(CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!)Economic Calendar for the Week Ahead:(CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!)Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:(CLICK HERE FOR THE CHART!)S&P Sectors for the Past Week:(CLICK HERE FOR THE CHART!)Major Indices Pullback/Correction Levels as of Friday's close:(CLICK HERE FOR THE CHART!)Major Indices Rally Levels as of Friday's close:(CLICK HERE FOR THE CHART!)Most Anticipated Earnings Releases for this week:(CLICK HERE FOR THE CHART!)Here are the upcoming IPO's for this week:(CLICK HERE FOR THE CHART!)Friday's Stock Analyst Upgrades & Downgrades:(CLICK HERE FOR THE CHART LINK #1!)(CLICK HERE FOR THE CHART LINK #2!)June’s Quad Witching Options Expiration Riddled With Volatility(CLICK HERE FOR THE CHART!)The second Triple Witching Week (Quadruple Witching if you prefer) of the year brings on some volatile trading with losses frequently exceeding gains. NASDAQ has the weakest record on the first trading day of the week. Triple-Witching Friday is usually better, S&P 500 has been up 12 of the last 20 years, but down 6 of the last 8.Full-week performance is choppy as well, littered with greater than 1% moves in both directions. The week after June’s Triple-Witching Day is horrendous. This week has experienced DJIA losses in 27 of the last 33 years with an average performance of –0.81%. S&P 500 and NASDAQ have fared better during the week after over the same 33-year span. S&P 500’s averaged –0.46%. NASDAQ has averaged +0.03%. 2022’s sizable gains during the week after improve historical average performance notably.(CLICK HERE FOR THE CHART!)(CLICK HERE FOR THE CHART!)A New Bull Market: What’s Driving It?The S&P 500 finally closed 20% above its October 12th (2022) closing low. This puts the index in “official” bull market territory.Of course, if you had been reading or listening to Ryan on our Facts vs Feelings podcast, you’d have heard him say that October 12th was the low. He actually wrote a piece titled “Why Stocks Likely Just Bottomed” on October 19th!The S&P 500 Index fell 25% from its peak on January 3rd, 2022 through October 12th. The subsequent 20% gain still puts it 10% below the prior peak. This does get to “math of volatility”. The index would need to gain 33% from its low to regain that level. This is a reason why it’s always better to lose less, is because you need to gain less to get back to even.(CLICK HERE FOR THE CHART!)So, what’s next? The good news is that future returns are strong. In his latest piece, Ryan wrote that out of 13 times when stocks rose 20% off a 52-week low, 10 of those times the lows were not violated. The average return 12 months later was close to 18%. The only time we didn’t see a gain was in the 2001-2002 bear market.(CLICK HERE FOR THE CHART!)** Digging into the return drivers**It’s interesting to look at what’s been driving returns over the past year. This can help us think about what may lie ahead. The question was prompted by our friend, Sam Ro’s latest piece on the bull market breakout. He wrote that earnings haven’t been as bad as expected. More importantly, prospects have actually been improving.The chart below shows earnings expectations for the S&P 500 over the next 12 months. You can see how it rose in the first half of 2022, before collapsing over the second half of the year. The collapse continued into January of this year. But since then, earnings expectations have steadily risen. In fact, they’ve accelerated higher since mid-April, after the last earnings season started. Currently, they’re higher than where we started the year.(CLICK HERE FOR THE CHART!)Backing up a bit: we can break apart the price return of a stock (or index) into two components:Earnings growthValuation multiple growthI decomposed annual S&P 500 returns from 2020 – 2023 (through June 8th) into these two components. The chart below shows how these added up to the total return for each year. It also includes:The bear market pullback from January 3rd, 2022, through October 12th, 2022And the 20% rally from the low through June 8th, 2023(CLICK HERE FOR THE CHART!)You can see how multiple changes have dominated the swing in returns.The notable exception is 2021, when the S&P 500 return was propelled by earnings growth. In contrast, the 2022 pullback was entirely attributed to multiple contraction. Earnings made a positive contribution in 2022.Now, multiple contraction is not surprising given the rapid change in rates, as the Federal Reserve (Fed) looked to get on top of inflation. However, they are close to the end of rate hikes, and so that’s no longer a big drag on multiples.Consequently, multiple growth has pulled the index higher this year. You can see how multiple contraction basically drove the pullback in the Index during the bear market, through the low. But since then, multiples have expanded, pretty much driving the 20% gain.Here’s a more dynamic picture of the S&P 500’s cumulative price return action from January 3rd, 2022, through June 8th, 2023. The chart also shows the contribution from earnings and multiple growth. As you can see, earnings have been fairly steady, rising 4% over the entire period. However, the swing in multiples is what drove the price return volatility.Multiples contracted by 14%, and when combined with 4% earnings growth, you experienced the index return of -10%.What next?As I pointed out above, the problem for stocks last year was multiple contraction, which was driven by a rapid surge in interest rates.The good news is that we’re probably close to end of rate hikes. The Fed may go ahead with just one more rate hike (in July), which is not much within the context of the 5%-point increase in rates that they implemented over the past year.Our view is that rates are likely to remain where they are for a while. But rates are unlikely to rise from 5% to 10%, or even 7%, unless we get another major inflation shock.This means a major obstacle that hindered stocks last year is dissipating. The removal of this headwind is yet another positive factor for stocks as we look ahead into the second half of the year.Why Low Volatility Isn’t Bearish“There is no such thing as average when it comes to the stock market or investing.” -Ryan DetrickYou might have heard by now, but the CBOE Volatility Index (better known as the VIX) made a new 52-week low earlier this week and closed beneath 14 for the first time in more than three years. This has many in the financial media clamoring that ‘the VIX is low and this is bearish’.They have been telling us (incorrectly) that only five stocks have been going up and this was bearish, that a recession was right around the corner, that the yield curve being inverted was bearish, that M2 money supply YoY tanking was bearish, and now we have the VIX being low is bearish. We’ve disagreed with all of these worries and now we take issue with a low VIX as being bearish.What exactly is the VIX you ask? I’d suggest reading this summary from Investopedia for a full explanation, but it is simply how much option players are willing to pay up for potential volatility over the coming 30 days. If they sense volatility, they will pay up for insurance. What you might know is that when the VIX is high (say above 30), that means the market tends to be more volatile and likely in a bearish phase. Versus a low VIX (say sub 15) historically has lead to some really nice bull markets and small amounts of volatility.Back to your regularly scheduled blog now.The last time the VIX went this long above 14 was for more than five years, ending in August 2012. You know what happened next that time? The S&P 500 added more than 18% the following 12 months. Yes, this is a sample size of one, but I think it shows that a VIX sub 14 by itself isn’t the end of the world.One of the key concepts around volatility is trends can last for years. What I mean by this is for years the VIX can be high and for years it can be low. Since 1990, the average VIX was 19.7, but it rarely trades around that average. Take another look at the quote I’ve used many times above, as averages aren’t so average. This chart is one I’ve used for years now and I think we could be on the cusp of another low volatility regime. The red areas are times the VIX was consistently above 20, while the yellow were beneath 20. What you also need to know is those red periods usually took place during bear markets and very volatile markets, while the yellow periods were hallmarked by low volatility and higher equity prices. Are we about to enter a new period of lower volatility? No one of course knows, but if this is about to happen (which is my vote), it is another reason to think that higher equity prices (our base case as we remain overweight equities in our Carson House Views) will be coming.(CLICK HERE FOR THE CHART!)Lastly, I’ll leave you on this potentially bullish point. We like to use relative ratios to get a feel for how one asset is going versus to another. We always want to be in assets or sectors that are showing relative strength, while avoiding areas that are weak.Well, stocks just broke out to new highs relative to bonds once again. After a period of consolidation during the bear market last year, now we have stocks firmly in the driver seat relative to bonds. This is another reason we remain overweight stocks currently and continue to expect stocks to do better than bonds going forward.(CLICK HERE FOR THE CHART!)Our Leading Economic Index Says the Economy is Not in a RecessionWe’ve been writing since the end of last year about how we believe the economy can avoid a recession in 2023, including in our 2023 outlook. This has run contrary to most other economists’ predictions. Interestingly, the tide has been shifting recently, as we’ve gotten a string of relatively stronger economic data. More so after the latest payrolls data, which surprised again.One challenge with economic data is that we get so many of them, and a lot of times they can send conflicting signals. It can be hard to parse through all of it and come up with an updated view of the economy after every data release.One approach is to combine these into a single indicator, i.e. a “leading economic index” (LEI). It’s “leading” because the idea is to give you an early warning signal about economic turning points.Simply put, it tells you what the economy is doing today and what it is likely to do in the near future.The most popular LEI points to recessionOne of the most widely used LEI’s is released by the Conference Board, and it currently points to recession. As you can see in the chart below, the Conference Board’s LEI is highly correlated with GDP growth – the chart shows year-over-year change in both.You can see how the index started to fall ahead of the 2001 and 2008 recession (shaded areas). The 2020 pandemic recession was an anomaly since it hit so suddenly. In any case, using an LEI means we didn’t have to wait for GDP data (which are released well after a quarter ends) to tell us whether the economy was close to, or in a recession.(CLICK HERE FOR THE CHART!)As you probably noticed above, the LEI is down 8% year-over-year, signaling a recession over the next 12 months. It’s been pointing to a recession since last fall, with the index declining for 13 straight months through April.Quoting the Conference Board:“The Conference Board forecasts a contraction of economic activity starting in Q2 leading to a mild recession by mid-2023.”Safe to say, we’re close to mid-2023 and there’s no sign of a recession yet.What’s inside the LEIThe Conference Board’s LEI has 10 components of which,3 are financial market indicators, including the S&P 500, and make up 22% of the index4 measure business and manufacturing activity (44%)1 measures housing activity (3%)2 are related to the consumer, including the labor market (31%)You can see how these indicators have pulled the index down by 4.4% over the past 6 months, and by -0.6% in April alone.(CLICK HERE FOR THE CHART!)Here’s the thing. This popular LEI is premised on the fact that the manufacturing sector, and business activity/sentiment, is a leading indicator of the economy. This worked well in the past but is probably not indicative of what’s happening in the economy right now. For one thing, the manufacturing sector makes up just about 11% of GDP.Consumption makes up 68% of the economy, and we believe it’s important to capture that.In fact, consumption was strong in Q1 and even at the start of Q2, thanks to rising real incomes. Housing is also making a turnaround and should no longer be a drag on the economy going forward (as it has been over the past 8 quarters). The Federal Reserve (Fed) is also close to being done with rate hikes. Plus, as my colleague, Ryan Detrick pointed out, the stock market’s turned around and is close to entering a new bull market.Obviously, there are a lot of data points that we look at and one way we parse through all of it is by constructing our own leading economic index.An LEI that better reflects the US economyWe believe our proprietary LEI better captures the dynamics of the US economy. It was developed a decade ago and is a key input into our asset allocation decisions.In contrast to the Conference Board’s measure, it includes 20+ components, including,Consumer-related indicators (make up 50% of the index)Housing activity (18%)Business and manufacturing activity (23%)Financial markets (9%)Just as an example, the consumer-related data includes unemployment benefit claims, weekly hours worked, and vehicle sales. Housing includes indicators like building permits and new home sales.The chart below shows how our LEI has moved through time – capturing whether the economy is growing below trend, on-trend (a value close to zero), or above trend. Like the Conference Board’s measure, it is able to capture major turning points in the business cycle. It declined ahead of the actual start of the 2011 and 2008 recessions.As of April, our index is indicating that the economy is growing right along trend.(CLICK HERE FOR THE CHART!)Last year, the index signaled that the economy was growing below trend, and that the risk of a recession was high.Note that it didn’t point to an actual recession. Just that “risk” of one was higher than normal. In fact, our LEI held close to the lows we saw over the last decade, especially in 2011 and 2016 (after which the economy, and even the stock market, recovered).The following chart captures a close-up view of the last 3 and half years, which includes the Covid pullback and subsequent recovery. The contribution from the 4 major categories is also shown. You can see how the consumer has remained strong over the past year – in fact, consumer indicators have been stronger this year than in late 2022.(CLICK HERE FOR THE CHART!)The main risk of a recession last year was due to the Fed raising rates as fast as they did, which adversely impacted housing, financial markets, and business activity.The good news is that these sectors are improving even as consumer strength continues. The improvement in housing is notable. Additionally, the drag from financial conditions is beginning to ease as we think that the Federal Reserve gets closer to the end of rate hikes, and markets rally.Putting the Puzzle TogetherAnother novel part of our approach is that we have an LEI like the one for the US for more than 25 other countries. Each one is custom built to capture the dynamics of those economies. The individual country LEIs are also subsequently rolled up to a global index to give us a picture of the global economy, as shown below.(CLICK HERE FOR THE CHART!)I want to emphasize that we do not rely solely on this as the one and only input into our asset allocation, portfolio and risk management decisions. While it is an important component that encapsulates a lot of significant information, it is just one piece of the puzzle. Our process also has other pillars such as policy (both monetary and fiscal), technical factors, and valuations.We believe it’s important to put all these pieces together, kind of like putting together a puzzle, to understand what’s happening in the economy and markets, and position portfolios accordingly.Putting together a puzzle is both a mechanistic and artistic process. The mechanistic aspect involves sorting the pieces, finding edges, and matching colors, etc. It requires a logical and methodical approach, and in our process the LEI is key to that.However, there is an artistic element as well. As we assemble the pieces together, a larger picture gradually emerges. You can make creative decisions about how each piece fits within the overall picture. Within the context of portfolio management, that takes a diverse range of experience. Which is the core strength of our Investment Research Team.Welcome to the New Bull Market“If you torture numbers enough, they will tell you anything.” -Yogi Berra, Yankee great and Hall of Fame catcherDon’t shoot the messenger, but historically, it is widely considered a new bull market once stocks are more than 20% off their bear market lows. This is similar to when stocks are down 20% they are in a bear market. Well, the S&P 500 is less than one percent away from this 20% threshold, so get ready to hear a lot about it when it eventually happens.I’m not crazy about this concept, as we’ve been in the camp that the bear market ended in October for months now (we started to say it in late October, getting some really odd looks I might add), meaning a new bull market has been here for a while. Take another look at the great Yogi quote above, as someone can get whatever they want probably when talking about bear and bull markets.None the less, what exactly does a 20% move higher off a bear market low really mean? The good news is future returns are quite strong.We found 13 times that stocks soared at least 20% off a 52-week low and 10 times the lows were indeed in and not violated. The only times it didn’t work? Twice during the tech bubble implosion and once during the Financial Crisis. In other words, some of the truly worst times to be invested in stocks. But the other 10 times, once there was a 20% gain, the lows were in and in most cases, higher prices were soon coming. This chart does a nice job of showing this concept, with the red dots the times new lows were still yet to come after a 20% bounce.(CLICK HERE FOR THE CHART!)Here’s a table with all the breakdowns. A year later stocks were down only once and that was during the 2001/2002 bear market, with the average gain a year after a 20% bounce at a very impressive 17.7%. It is worth noting that the one- and three-month returns aren’t anything special, probably because some type of consolidation would be expected after surges higher, but six months and a year later are quite strong.(CLICK HERE FOR THE CHART!)As we’ve been saying this full year, we continue to expect stocks to do well this year and the upward move is firmly in place and studies like this do little to change our opinion.Here is the list of notable tickers reporting earnings in this upcoming trading week ahead-(T.B.A. THIS WEEKEND.)(CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)(CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)(CLICK HERE FOR MONDAY'S PRE-MARKET NOTABLE EARNINGS RELEASES!)(NONE.)Here is the full list of companies report earnings for this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:Monday 6.12.23 Before Market Open:(CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)(NONE.)Monday 6.12.23 After Market Close:(CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)Tuesday 6.13.23 Before Market Open:(CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)(NONE.)Tuesday 6.13.23 After Market Close:(CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)Wednesday 6.14.23 Before Market Open:(CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)Wednesday 6.14.23 After Market Close:(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)Thursday 6.15.23 Before Market Open:(CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)Thursday 6.15.23 After Market Close:(CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)Friday 6.16.23 Before Market Open:(CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK!)(NONE.)Friday 6.16.23 After Market Close:(CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)(NONE.)(T.B.A. THIS WEEKEND.)(T.B.A. THIS WEEKEND.) (T.B.A. THIS WEEKEND.).(CLICK HERE FOR THE CHART!)DISCUSS!What are you all watching for in this upcoming trading week?I hope you all have a wonderful weekend and a great new trading week ahead r/stocks. :) | 2023-07-24 |
1,009 | 651 | WSJ - S&P 500 ends longest bear market since the 1940s and signals beginning of new bull market. | null | 273 comments | 2023-05-24 | U.S. stocks rose Thursday, ending the S&P 500’s longest bear market since the 1940s and marking the start of a new bull run.The broad index powered higher over the past few months, in large part because of a handful of companies posting outsize gains.Many of those same stocks, including Amazon.com, Tesla and chip maker Nvidia, led the market’s advance Thursday.That helped propel the S&P 500 up 0.6%, allowing the index to finish up 20% from its October low.The Nasdaq Composite climbed 1% and the Dow Jones Industrial Average rose 0.5% to 33833.Treasury yields retreated. The yield on the benchmark 10-year Treasury note was at 3.714%, down from 3.782% Wednesday. Yields fall as bond prices rise.Analysts attributed the relative calm to traders taking a wait-and-see attitude ahead of key events next week. The Bureau of Labor Statistics will release fresh data on inflation Tuesday, while the Federal Reserve will announce its latest interest-rate decision Wednesday.So far, positioning in futures markets suggests many traders are betting the Fed will keep interest rates unchanged in June. That might offer markets some relief in the short-term, although investors warn that there could still be more policy-tightening ahead.“A pause does not mean they are done with rate hikes,” said Tim Courtney, chief investment officer at Exencial Wealth Advisors.Traders are betting volatility could pick up in the coming months. The options contracts with the biggest positions tied to the Cboe Volatility Index, or Wall Street’s “fear gauge,” are wagers that it will surge to 30—a level associated with investor anxiety—or 60, a level only seen during stock-market crashes.Among individual stocks, electric-car maker Tesla jumped 4.6% to $234.86, posting its 10th straight session of gains. That marked the company’s longest winning streak since an 11-session run that ended in January 2021, according to Dow Jones Market Data.Carvana, the online used car retailer, rose 56% to $24.23 after saying it expects its profit to jump in the second quarter.GameStop plunged 18% to $21.44 after the videogame retailer fired its CEO, Matt Furlong, and appointed board member Ryan Cohen as its new executive chairman.U.S. crude oil prices initially dropped after a report suggested U.S.-Iran talks on a temporary nuclear deal could allow the Islamic Republic to export more crude. They pared some of their losses by the end of the trading day, though, finishing down 1.7% at $71.29 a barrel.Global stock markets were mixed. Hong Kong’s Hang Seng rose 0.3% and Japan’s Nikkei 225 retreated 0.9%. The Stoxx Europe 600 finished about flat.https://www.wsj.com/articles/global-stocks-markets-dow-news-06-08-2023-ef63fc60 | 2023-07-24 |
1,010 | 16 | What am I missing about dividend stocks? | null | 20 comments | 2023-06-24 | Every time I look this up, I get generic advice about “looking for a payout that fits your portfolio” and phrasing like that.But I don’t quite understand the actual functionality of stock yield.Enbridge has a 6.85% yield, which means assuming the stock stays roughly the same, and the dividend stays roughly the same, I should receive back roughly 6.85% of my investment, right?Ofcourse fluctuations happen, but in a perfect world, if a stock says X% yield, I should get X% back over a 1 year period, right? I’m just making sure. | 2023-07-24 |
1,011 | 0 | What specific stocks are good for gridbots? | null | 2 comments | 2023-06-24 | What stocks move up and down all year even during Covid and what range should I buy and sell in? I was looking at JNPR, are there specific stocks that move around a range daily? Looking at gridbotting with 0 pyramiding. | 2023-07-24 |
1,012 | 0 | Apple Vision Pro - the new "iPhone" moment? | null | 81 | 2023-06-24 | Hey Guys,
every time Apple enters a new market or releases a new product category, its moving the hole industry. For example --> smartphones, smartwatches, tablets, etc.
Do you have any stocks/sectors/technologies in mind, that could benefit from that upcoming AR/VR movement? | 2023-07-24 |
1,013 | 30 | r/Stocks Daily Discussion & Fundamentals Friday Jun 09, 2023 | null | 367 | 2023-05-24 | This is the daily discussion, so anything stocks related is fine, but the theme for today is on fundamentals, but if fundamentals aren't your thing then just ignore the theme and/or post your arguments against fundamentals here and not in the current post.
Some helpful day to day links, including news:
Finviz for charts, fundamentals, and aggregated news on individual stocks
Bloomberg market news
StreetInsider news:
Market Check - Possibly why the market is doing what it's doing including sudden spikes/dips
Reuters aggregated - Global news
Most fundamentals are updated every 3 months due to the fact that corporations release earnings reports every quarter, so traders are always speculating at what those earnings will say, and investors may change the size of their holdings based on those reports. Expect a lot of volatility around earnings, but it usually doesn't matter if you're holding long term, but keep in mind the importance of earnings reports because a trend of declining earnings or a decline in some other fundamental will drive the stock down over the long term as well.
See the following word cloud and click through for the wiki:
Market Cap - Shares Outstanding - Volume - Dividend - EPS - P/E Ratio - EPS Q/Q - PEG - Sales Q/Q - Return on Assets (ROA) - Return on Equity (ROE) - BETA - SMA - quarterly earnings
If you have a basic question, for example "what is EBITDA," then google "investopedia EBITDA" and click the Investopedia article on it; do this for everything until you have a more in depth question or just want to share what you learned.
Useful links:
Investopedia page on fundamental analysis including Discounted Cash Flow analysis; see definition here and read their PDF on the topic.
FINVIZ for fundamental data, charts, and aggregated news
Earnings Whisper for earnings details
See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. | 2023-07-24 |
1,014 | 156 | Ready to ditch the fax machine and embrace the future of faxing? With eFax, you can send and receive faxes right from your computer, or smartphone. | https://alb.reddit.com/cr?za=hQgYnBZ-ODTSirVgz2d71PPwpZdNrkneiii8IfbrsOouAR6RrN2GFoP-7uKDH1j-Eu_HdV9NHXdUOOt3o1FAuxd3eMPzTDA7-z0gvpVBA5oPHthAlDNdGLnRDjgIWBf1TYO4ocfKf7ez8Csh0E_uMJqeRaFcDZazCSz6o1VQxafgD4aKh3Kl_e-3cRfHW4csAEONKA1iGRZ9I6X-gdifYWjwX_1959fAbrgI69RCAh48rgf2k9CTL3_QcqGUQhVX2k_PHPujhYGdJY4eY28i4LhqjH7MSLloHWudy1_KqMmSGmF2nEVY0neyAxBY2C7kz58vrTuhd-0K6AyE-7Ox7D5E37dP3EQnw_-_d_R3nKNrTHBTBjm3TUhJr0AHVCDp_LTZzwYa&zp=TAD6k7BhpmpodD0fWaIGcBjGdc5e50F5joBc8PZc_6Z5yUzj0pzkCb4UYNhc2AOxMQRyn5ip1JnvkFBNWjy0TYPiPsELgytfEDVmyW2VdzOryLX5LLhcfZpjfI9ry4S7n7jhE02l23m0iywvUD6E0Aea3WjqcEBTbrNu8Tx8sKIPSmAnZOxpKB72Wb81b_HHq7Oz6VRRbipIBY43Zlq9irKDIMgxowCVmA3gGVIKscnuEfwupRzn1yg | 0 | null | null | 2023-07-24 |
1,015 | 57 | Cathie Wood buys $15 million worth of Jack Dorsey's Block shares
Company News | null | 49 | 2023-05-24 | Cathie thinks that Coinbase (NASDAQ:COIN) will gain from Binance’s regulatory problems.
Ark Invest led by Cathie paid $15 million to acquire 227,365 shares.
A day after purchasing over $21 million in Coinbase (COIN) shares, Cathie Wood’s Ark Invest acquired millions in shares of Jack Dorsey’s payment business Block Inc (SQ). Cathie Wood, a self-described “crypto bull,” recently discussed the contrasts between the Binance and Coinbase cases and reaffirmed her $1 million Bitcoin price estimate. She thinks that Coinbase will gain from Binance’s regulatory problems.
According to transactions, Cathie Wood’s investment management business Ark Invest paid $15 million to acquire 227,365 shares of Block Inc.
Ark Invest, run by Cathie Wood, has bought a total of 177,985 shares of Square (NYSE:SQ) to add to its ARK Innovation ETF (ARKK), 29,442 Square shares to add to its ARK Next Generation Internet ETF (ARKW), and 19,938 Square shares to add to its ARK Fintech Innovation ETF (ARKF).
Cathie Backs Coinbase
In March, Ark Invest funds resumed purchasing stock in Block Inc. Cathie Wood kept on buying SQ stock despite the report from Hindenburg Research. SQ stock ended the day Wednesday at $66.24, up $0.39 (or 0.39%). In Thursday’s pre-market hours, the price remains flat.
Following the US SEC lawsuit against Coinbase, the price of Coinbase (COIN) shares dropped below $50 on June 6. Ark Invest funds bought a total of 419,324 Coinbase (COIN) shares for $21 million on that day. Ark Invest, run by Cathie Wood, has bought a total of 329,773 COIN shares for its three ETFs.
Cathie Wood, CEO of Ark Invest, is unwavering in her belief that Bitcoin will reach $1 million by 2030. She differentiated between the US SEC litigation against Binance and Coinbase. The SEC categorized certain cryptocurrencies as securities, therefore the action against Coinbase solely applies to its staking service.
She also thinks Coinbase would gain from Binance’s regulatory issues in the US. Despite the consequences of FTX, Coinbase has not been able to boost trade volume in the US cryptocurrency market. | 2023-07-24 |
1,016 | 11 | Should I be reinvesting in QQQ or TQQQ? | null | 37 | 2023-05-24 | I have been reinvesting all dividends into QQQ (DCA style) and generally have < $300/mo that just sits (due to cost of a share of QQQ) I know a little about TQQQ but not much; the share price is about 1/10 the cost but it also seems to not follow the index fully (at least not yesterday) so I guess my TLDR is should I be using QQQ or TQQQ for reinvestment ? | 2023-07-24 |
1,017 | 584 | US Jobless Claims Surge to 261,000, Highest Since October 2021 | null | 201 | 2023-05-24 | Initial jobless claims rose by 28,000 to 261,000 in the week ended June 3, which included the Memorial Day holiday, a Labor Department report showed Thursday. The increase was the biggest since July 2021 and exceeded all forecasts in a Bloomberg survey of economists.
https://news.bloomberglaw.com/daily-labor-report/us-jobless-claims-surge-to-261-000-highest-since-october-2021 | 2023-07-24 |
1,018 | 27 | How accurate are wall street analysts? | null | 66 comments | 2023-05-24 | How accurate are Wall Street analysts in predicting the future performance of stocks? What factors contribute to their accuracy, and what are the limitations of their predictions? There are a number of factors that can contribute to the accuracy of analyst predictions, including the analyst's experience, the research resources available to them, and the overall market environment. But in all, historically how accurate are they? | 2023-07-24 |
1,019 | Vote | Verliebt, verkatert, hyped oder entspannt. Das Radio SRF Virus ist live mit dir, für alle deine Moods. Mit unseren fünf Hosts mit fünfmal mehr Charakter. Jetzt reinhören und mitreden. | https://alb.reddit.com/cr?za=4oWzTnRkxZz9qL_12p0Oo-GD97DLc7xHRveG02AT77Ea_9dxSaiyfqCfpKDtri9JL3ffdW3NbWribUsrRbdD06Q_ZQFr03ZXLsHJsVTxprAtMjHEzDJ7j4ZPx6YQUafkFPzGsGk5ZGw6seYwuKJUvPSW5vrJwxRy4aKjGXNAqNs4JyyGWC-bZ5iF9tSMKWFt1NOyvgNECYD9FaMrnLUwJ0ZQneu8kv9-BQWxY6JlzwJhdCgO8KdY4hxYUhXyEDD4obIm6xzRIoe6JF85azGFuW4qBaFaPtsw7pUo3uIMSu-7Vl8cLih-ygWLzyO7VPRLHR2N9n3spHJBrqCAuKAQZwa_iG6j5otscc_tu5_0RLYNiEzn00NQLXqTBAvGbR44rw&zp=06DVYBltvilojpyqV1642IprUTwEJiQpwp-4_JSurwrCXq9agJZNh9oOGMbUbGHhCixvPzPrwhWoeJMvgfluPKqRtUkNxIFMTTYRh2uX-JPYQU4eqA3BgDvnO6HLw0dQLIa9WnZzKzsdtMa_KzHzwNwutKGAAQZ4LpmemWfjgyaQD1xnRjP-B8AQWSz21gX6mfslFtqa0TSMmuki9Rp1FcR_YsDNNAurutTUALBysjdFnEowRN67H_3ZLLsLIIUWAMFdCNuaAm4w | 0 comments | null | null | 2023-07-24 |
1,020 | 468 | Tesla Stock booms with $32,000 starting price for model 3 after tax credit | null | 396 comments | 2023-05-24 | All of the Tesla (TSLA) Model 3 vehicle trims are now eligible for the full tax credit under the Inflation Reduction Act (IRA), the Internal Revenue Service verified Tuesday. While it remains unclear how the global EV giant accomplished the feat, the Model 3 now has a starting price of around $32,000. TSLA stock jumped Wednesday.Tesla stock advanced 1.6% to 224.83 Wednesday during market trade with Tesla Model 3 vehicles going for as low as $30,330 on the company's website.Tesla is officially saying the Model 3 starts at $32,740 after the $7,500 IRA tax credit. Meanwhile, reports circulated early Wednesday that Tesla has agreed in principle with a plan to set up a manufacturing plant in India. Tesla's website recently stated that the base Model 3 vehicle was eligible for the full $7,500 tax credit under the IRA. The model previously only qualified at the $3,750 level. Tesla has not disclosed how it brought the Model 3 into alignment with IRA requirements for the full tax credit. Meanwhile, the IRS made the official change to its site Tuesday morning. It announced all Model 3 and Model Y vehicles qualify for the $7,500 tax credit.Model 3 Tax Credit DoublesThe Biden administration said on March 31 that vehicles eligible for the full $7,500 tax credit must have batteries with specific quantities of components manufactured in North America and critical minerals sourced in the U.S. or from certain countries.Vehicles that meet only one of the critical minerals or battery components requirements are eligible for a $3,750 tax credit. At the time, the base rear-wheel-drive Model 3, with its battery from China, did not qualify for the full tax credit.Tesla stock shrugged off early losses and climbed 1.7% to 221.31 Tuesday. It turned higher just after the IRS confirmed the Model 3 eligibility. TSLA has gained in the past seven sessions. It has gained 117% since early January lows of 101.81.The Eligibility SwitchLate Monday, Morgan Stanley Adam Jonas wrote the qualification change "implies that Tesla likely tweaked its supply chain to meet both requirements."Tesla has used lithium iron phosphate (LFP) batteries from China's CATL for the base Model 3. CATL commented Monday that rumors Tesla has ended their relationship are untrue and there is no change in the strategic partnership.Jonas told investors Tesla may have switched to manufacturing Model 3 battery packs in the U.S. while still using China-made battery cells. The analysts also floated the idea that, with Shanghai Tesla exporting to Canada, it could be freeing up U.S. battery production for local deliveries.Or, Jonas said, it simply could be "regulatory semantics." Under guidance issued by the U.S. Treasury, EV manufacturers can average the qualifying critical mineral content used over a limited period of time. Jonas said this language means Tesla could produce enough qualifying Model 3 batteries at its Fremont plant to offset the Model 3 rear-wheel drive trim's China-made battery. | 2023-07-24 |
1,021 | 1 | Questions about exercising options | null | 3 comments | 2023-05-24 | Hey all. Have some questions about company stocks and options.I've vested the majority of my restricted stock awards over the years with my company but now have a lot of options to exercise. Does it make any sense to sell some stock at a win just to have the money to exercise and hold?I did this a few years back and ended up getting hit pretty hard on taxes between capital gains and AMT. My goal is solely to build this for retirement. Any advice is appreciated! Also, is it really worth it to have a tax pro once you start dealing with issues like this? | 2023-07-24 |
1,022 | 56 | Meta profit taking | null | 80 comments | 2023-05-24 | How much have you trimmed your position with the recent 150% jump from the bottom.Where do you see this stock going for the rest of 2023 and into 2024.I’ve trimmed about 10% of my holding and feel confident in the long term outlook. I do still believe there are many “overall market headwinds” in the near term. It could be a situation where the stock is killing it but the market drags it down. There really have only been 5-10 stocks that have propped up the market the last 3 months, Meta being a big contributor.I’d like to see $300+ in 2023 and $350+ in 2024. | 2023-07-24 |
1,023 | 0 | Researching loans an etf tracks. Question. | null | 2 comments | 2023-05-24 | Hi there,Was hoping that someone could point me in the right direction. I am currently researching an etf that tracks the value of loans. I have the issuer name, cusip and isin of the loans that the etf tracks. I also know the class of asset the etf tracks.I was wondering where could I find information in relation to the individual asset the loans were taken out at against.I can see the market value, yield , issue date and maturity date. But I would like to know the above. Is there any place this can be checked? | 2023-07-24 |
1,024 | 28 | TD Bank 30M Share-Buyback | null | 6 comments | 2023-05-24 | TD Bank (NYSE:TD) expects to complete its recently announced 30M-share stock buyback plan during the summer and will assess further capital return to shareholders.Could potentially be a good opportunity for shareholders in regards to the stock price. | 2023-07-24 |
1,025 | 0 | Individual stock or ETF's? is it wise to sell off my individual and invest in etfs? why or why not? | null | 24 comments | 2023-06-24 | So currently my individual brokerage portfolio consists of a lot of individual big name tech stocks and a couple index funds because I had no clue what I was doing and I'm sure isn't a bad idea for the long term, but lately I've been reading a lot about high growth index funds that cover a lot more diverse options and I'm not sure if I should sell off my individuals and purchase the etfs instead or if I should now start investing only in etfs..?I know this may be complicated based on my goals and several other factors, but if there's any books or resources that really help how to structure a long term(1-7years) portfolio for a 21 year old that anyone can suggest I would appreciate that. | 2023-07-24 |
1,026 | 4.8k | The owner of two of San Francisco's largest hotels stop making debt payments and turn the keys over to their lender, JP Morgan Chase | null | 880 comments | 2023-05-24 | The owner of the Hilton San Francisco Union Square and Parc 55 hotels in has chosen to stop making payments on $725 million in debt and turn the keys over to their lender, J.P. Morgan Chase.In 2016 the hotels were appraised for a combined $1.56 billion. The owner is turning over the keys even though they owe less than half that, showing just how far the value of San Francisco properties has fallen.Is this the beginning of the Commercial Real Estate collapse?https://viewfromthewing.com/san-francisco-is-a-mess-and-the-owner-of-the-citys-largest-hotel-is-just-walking-away/ | 2023-07-24 |
1,027 | Vote | Der flinke, drehmomentstarke Inductor – das elektrische Mountainbike deiner Freiheitsträume. Jetzt bei Pedal & Metal Cycles erhältlich. Und: Mitglieder bei GTA+ können sich die Penaud La Coureuse bei Legendary Motorsport kostenlos holen. | https://alb.reddit.com/cr?za=mgkjn490w5hm4khYQdUAYZ6ufJMmfB8Ldu0XGFvgyn__4YizS9VC8pokwZXvoXZ7R-OVpGppobg2Yifqpo-j1Nn7TUphyBCYW4FZCxKaZR0jBKcj2WoGAqawS8pRL8Q7O391In0JqW2upfSFtnr74QIWzJYw-lz4-013BkLkl73_HsgRr363XPMrUp3pB7j55IwZF_OF6TJuwP5lA88mj0v4dcI7iqPJq4b15tfnjjhbA8jORwLqYsKy1jPJ34TJ0b_HbeUgXBm_druyuDVyQ4sozD2C6Cb9YAhrOWIwKg3x4TmZcvsto-kdj58R7Ytm4PTaEXtWsvQnI9evlGycaYC7CIIhLFRdKNhoRAG9TK8cxRmL1fxTDTARnbSS1AKiSEI&zp=U1b9G-b3M1n1ec9OcHSNj0Al_FUOKLClcGzGP6y29uFyXypyZWA3w3Xff0qbSaxrTiAKBJOpNkknW6j0zgd9utXgPuM-B9p7Mt3nx9b15wVF-N68BmKe7vC6RuP_oPDjfmgSYNwOmIOeoVGI7tehGSCRWyjOTyHhpsPNScnWEQE9dW9jOwUruI267WIJ5RjUUNQxCbK5a3CA0z3Jjv8wIcpM8oQZ0WrCmIEmdj9kC81ccrXgADGwAaZ4dL4pjCfmVLpHDzpi4r2OFSumiP0qDbsCW7d5f7jzyx_II0_WyfOP4v69gdmX1JOYW5YECeY-74EUQZgzL1InDtHdGECqBL-DBRJguRcJjtQHX5Wqi1DWCOEnGCBi3iZXbzeOlI6fsr1Qr2fujsrD1NY98GabBSD5Y6ZGPrlm | 0 comments | null | null | 2023-07-24 |
1,028 | 8 | Banking in Flux: How New Regulations Could Reshape the U.S. Financial Landscape | null | 1 comment | 2023-05-24 | I’d like to revisit the topic of banking. Last week, I took note of the impressive Q1 2023 profits of the banking sector, which have surged by 33.6% YoY. Notably, the number of profitable banks has grown compared to their less successful counterparts. This happened despite the high-profile bankruptcies of SVB and Signature Bank. The FDIC chief hailed this as a testament to the robust resilience displayed by our country's banking system during these challenging times.And yet, as we began this week, The Wall Street Journal hinted at an impending trial for the system - a proposed 20% hike in capital requirements set to come in June. This move indicates that regulators remain persistent in their mission to enhance the resilience of the US financial system. Furthermore, it seems the $250 billion balance sheet asset threshold, which attracts the sternest requirements, may be lowered to $100 billion, implicating a broader range of banks.So, does this mean "something is rotten in the state of Denmark," or is it a different scenario altogether?Are such stringent regulations warranted? In my opinion, there's no necessity for them. Firstly, it's the banks primarily driven by commission income that will be hit hardest. Sure, the big players might weather the storm, but the smaller regional banks are bound to bear the brunt of these changes.Secondly, the heightened cost of services for borrowers is likely to suppress lending volumes, which poses another threat to revenue.Thirdly, the premiums for operational risks will experience a significant surge, especially if banks are harboring minor business process flaws or cleverly concealed gaps in their risk management strategies. This could eat into their profit margins, or even lead to further bankruptcies.It appears we're bracing ourselves for a new installment of the banking crisis saga. The latest chapter of the US national debt ceiling tale has come to a close, and the narrative is shifting. We may well witness the downfall of smaller players, their absorption by the bigger fish in the pond, and perhaps even the consolidation of major players themselves.A daunting prospect? Or merely an intriguing turn of events?Only time will tell. | 2023-07-24 |
1,029 | 11 | Stuck with 363 shares of CIAN (delisted). Help. | null | 21 comments | 2023-05-24 | My money has been stuck for over a year. I have no idea where to begin when it comes to getting it out.This ticker is apparently a Russian stock. When everything started going down with Ukraine, they delisted it. I was only in it for a day or two, just attempting to go for a quick swing trade. Obviously it didn't work out.I have a large expense coming up and I would like to get that money out as soon as I can. If anyone knows what steps I can take to sell my shares, let me know please!Edit: grammar | 2023-07-24 |
1,030 | 0 | LendingClub: Discounted Digital Bank & Lender | null | 2 comments | 2023-05-24 | Here is my write-up: https://docs.google.com/document/d/13Ga7hPg5uu6AFsZriABiXfuqaHAKYs2ujka4jLyR3Nk/edit | 2023-07-24 |
1,031 | 512 | GameStop Q1 Earnings: Revenue And EPS Miss, Ryan Cohen Elected Chairman | null | 766 comments | 2023-05-24 | GameStop reported first-quarter net sales of $1.237 billion, which were down from $1.378 billion year-over-year. Net sales missed an estimate of $1.36 billion, according to data from Benzinga Pro.The company reported a net loss of $50.5 million in the first quarter. Earnings per share were negative 14 cents per share in the first quarter, which missed a Street consensus estimate of a loss of 12 cents per share.GameStop cited restructuring costs of $14.5 million related to its European operations. More transition charges are expected in the second quarter.The company ended the first quarter with $1.31 billion in cash and cash equivalents. The company had no long-term debt outside of an unsecured term loan related to the response of the French government to COVID-19.GameStop announced after market close that Ryan Cohen has been elected executive chairman of the company. Cohen’s duties will include “capital allocation and overseeing management.”Cohen had the previous title of Chairman of GameStop. The activist investor took a 9% stake in the company that was disclosed in August 2020. The investor later increased the stake to 13% in late 2020.Cohen has been a vocal supporter of GameStop since investing in the company and is was also seen as a leader for retail traders in their battle against hedge funds and short sellers betting on Gamestop's demise.The company’s former CEO Matt Furlong resigned from the company on June 5, 2023. GameStop noted the resignation did not come from any disagreement with the company.The Board of Directors for the comapny has been reduced to five members as a result of Furlong's resignation.The comapny also announced the promotion of Mark Robinson to General Manager. Robinson previously served as the company's Vice President, General Counsel of the company since January 2022; Robinson will resume his General Counsel role alongside the General Manager title.https://www.benzinga.com/amp/content/32767924 | 2023-07-24 |
1,032 | 1 | Trying to find an etf comprised of only top 10 market caps | null | 2 comments | 2023-05-24 | So far have only discovered XLG and PTNQ, but even they don’t fully fit the criteria.XLG makes up the top 50 companies by market cap, while PTNQ makes up the top 100 companies by market cap.Also, would appreciate if all advise includes only index ETFs. | 2023-07-24 |
1,033 | 0 | Kingsway Capital in talks with Big Tobacco over AIR stake sale (shisha) | null | 1 comment | 2023-05-24 | DUBAI, June 8 (Reuters) - Britain's Kingsway Capital has started meetings with big tobacco firms as the private equity firm prepares to sell its stake in Dubai-based tobacco business Advanced Inhalation Rituals (AIR), two sources familiar with the matter told Reuters.Kingsway, the majority owner of AIR, has held talks with potential investors including British American Tobacco (BATS.L) and Japan Tobacco (2914.T), said the sources, declining to be named as the matter is not public.The talks are part of a dual-track process, where a seller pursues a sale and an initial public offering (IPO) at the same time.Reuters reported in March that Kingsway had hired Rothschild & Co (ROTH.PA) to advise it on options for AIR, including a possible IPO.Kingsway, Rothschild and Japan Tobacco did not immediately respond to a request for comment. AIR and BAT declined to comment.An IPO would take place in the region, either on Saudi Arabia's Tadawul or the Abu Dhabi Securities Exchange, the same sources told Reuters in March.Kingsway in 2020 took private Jordan-domiciled and Amman Stock Exchange-listed Al Eqbal Investment Company in a transaction valued at more than $1.4 billion including debt. The company was then rebranded as AIR.Private equity firms generally seek to exit their investments five to seven years after buying in.AIR's most valuable business is Al Fakher, which manufactures flavoured molasses for shisha pipes sold in more than 100 countries, according to its website. It also produces OOKA, a pod-based device that simulates the experience of smoking shisha without the charcoal.An investment in AIR would provide global tobacco makers access to the shisha and the vaping equivalent e-shisha market in the Middle East and beyond, the sources said.Middle Eastern companies bucked global trends last year to raise about $22 billion through IPOs, according to Dealogic, which was more than half the total for the wider Europe, Middle East and Africa region.https://www.reuters.com/business/retail-consumer/kingsway-capital-talks-with-big-tobacco-over-air-stake-sale-sources-2023-06-08/ | 2023-07-24 |
1,034 | 37 | r/Stocks Daily Discussion & Options Trading Thursday - Jun 08, 2023 | null | 351 comments | 2023-05-24 | This is the daily discussion, so anything stocks related is fine, but the theme for today is on stock options, but if options aren't your thing then just ignore the theme and/or post your arguments against options here and not in the current post.Some helpful day to day links, including news:Finviz for charts, fundamentals, and aggregated news on individual stocksBloomberg market newsStreetInsider news:Market Check - Possibly why the market is doing what it's doing including sudden spikes/dipsReuters aggregated - Global newsRequired info to start understanding options:Call option Investopedia video basically a call option allows you to buy 100 shares of a stock at a certain price (strike price), but without the obligation to buyPut option Investopedia video a put option allows you to sell 100 shares of a stock at a certain price (strike price), but without the obligation to sellSee the following word cloud and click through for the wiki:Call option - Put option - Exercising an option - Strike price - ITM - OTM - ATM - Long options - Short options - Combo - Debit - Credit or Premium - Covered call - Naked - Debit call spread - Credit call spread - Strangle - Iron condor - Vertical debit spreads - Iron FlyIf you have a basic question, for example "what is delta," then google "investopedia delta" and click the investopedia article on it; do this for everything until you have a more in depth question or just want to share what you learned.See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. | 2023-07-24 |
1,035 | 11 | Eliminate grammatical mistakes, wipe out wordiness, and let your ideas shine. See for yourself why 30 million users are hooked on Grammarly's writing app. | https://alb.reddit.com/cr?za=BYnwhw5g3uFWl-YQNW0yJTr9Pc9QSygTbOVKkJDpWrolXkN2PmykIsSslXva0nHofrd5dIaKEf9dkjQmn2eIhZ2HzyphMshoiR_QbPt7xke7dcceAyOB580kA2s_BsmS4XBWwBOI4I1WDcFntXZKr23RmRrJ2kIq1lUfCoLIMM5qsWpAvVZhJonHH64LeFTzIve12zPx6dpDE0z0CFeLWEtlgwAhhehK_OxHqBAorYMbNDT0HifzqNItP2jRZjwd62qmj85JCDQIvz1NUSy4YNtl0Bpcnytc-UNVBlCcVL-YvDsVM0tu2-Yd14gadPfC2gl8NPdHfnBrzlxUGSH06Bf9rk5Fv8MLu4JpTJhcei6l6DYVTST45b0e34G7zCFnUho&zp=bfkzA86hl_7WnOCCYv7ctHgdqAn7OZwpl-77fEj8chhqpwD6-4XAsH7Iary-80nDSVOAS2V6xVwHMEMxl7yFbD3rerbQKXBsrYuQ4WKvy8NQjp2QOf7Wjhs5ywgCpfjiW6NKKmP2p0plAiEGoEa8UUfVbiWRQrjGtw2K0LSenWp8Ma18up5PpPRU5rV8LOGK8zJWlFLFSbHgXrg4wabm9mgfBH0rQgPK7R7ylWx_m5QjWsSUrYzmG52uOg | 0 comments | null | null | 2023-07-24 |
1,036 | 26 | Wall Street strategists get more bullish as stocks rise. They're still not optimistic enough. | null | 11 comments | 2023-05-24 | Strategists still aren't bullish enough on stocks— at least not according to Fundstrat's Head of Research Tom Lee.Lee has been sitting on a 4,750 year-end price target for the S&P 500 and watching analysts slowly increase their calls as the S&P 500 approaches bull market territory."The sell-side bearishness might be the most extreme I have seen in 30 years," Lee wrote in a note on Wednesday.Despite several S&P 500 target boosts from prominent Wall Street analysts, Lee points out only five of the 20 analysts he's tracking see upside from the S&P 500's current level near 4,300. Morgan Stanley recently called for a 16% decline in earnings by the end of 2023, and investors are net short S&P 500 futures at their highest level since 2007.So as Lee puts it, things seem "gloomy." But there have been some signs of light amid the increasingly murky sky. The team at Goldman Sachs recently cut its likelihood of recession this year to 25%, down from 35%. The firm also believes the current artificial intelligence boom adds a material boost to earnings and therefore the S&P 500, too.BMO Capital Markets chief investment strategist Brian Belski agrees."The AI hype surrounding the Tech sector is real and likely to propel future growth for many stocks within the space," Belski wrote in a note that included a S&P 500 price target bump on Monday. "So, despite an extremely strong (year-to-date) sector performance, we believe the momentum, even if it slows a bit, is likely persist for the foreseeable future."Truist Co-Chief Investment Officer Keith Lerner is increasingly bullish, too. He jacked up his S&P 500 year-end "range" to 3,800-4,500 from a range of 3,400-4,300. As Lerner points out, earnings are holding up better than feared with first-quarter earnings declining less than expected and second-quarter downward revisions trending below historical averages, per Factset.Lerner sees a "meaningful decline" below 3,800 for the S&P 500 only coming if there's a tech sell-off. Otherwise, things may head toward the high end of his range."The technology sector is trading at rich valuations, and concentration at the top is a risk," Lerner wrote in a note to clients on Wednesday. "But this is not 2000, not even close, based on valuations and returns. Although tech is extended on a short-term basis and we would be more inclined to add on pullbacks as opposed to aggressively chasing at current levels, we still see the sector as longer-term leadership."The history of bull markets supports Lee's point that everyone should be expecting higher returns in the second half of 2023 if the S&P 500 can tick slightly higher and close above 4,292.44. Carson Group Chief Market Strategist Ryan Detrick points out that once stocks gain 20% off their lows — officially entering a bull market — good things happen.Detrick tracked 13 times stocks bounced up 20% off a 52-week low. In the first thee months stocks were usually choppy, with the benchmark index actually falling 0.5% on average in the first month upon hitting bull market territory.But in the long run, things have been overly positive. After rallying 20% from market lows, the S&P 500 averaged a 10% return over the next six months and 17.7% over the next 12 months."As we’ve been saying this full year, we continue to expect stocks to do well this year and the upward move is firmly in place and studies like this do little to change our opinion," Detrick said. | 2023-07-24 |
1,037 | 7 | Is there a way to download financials from a group of stocks? | null | 3 comments | 2023-05-24 | Hi folks. Is there a way to download these numbers into a format that can be imported into a spreadsheet rather than have to manually type them in?I'd ask if the following numbers can be downloaded for a given industry:Company Ticker Symbol Total Assets Total Liabilities Working Capital Retained Earnings Earnings Before Interest and Taxes (EBIT) Market Value of Equity Sales Current Assets Current Liabilities Retained Earnings Book Value EquityThanks in advance. | 2023-07-24 |
1,038 | 0 | Why FIAT printing is good ELI5 (the three stages of money) | null | 2 comments | 2023-05-24 | Ok so let’s talk cash money. The fed controls it… it isn’t finite…. Yada yada. There are concerns with the cost of money (the fed rate) and the total amount (printer go brrrrr) but you MUST look at it macroscopically. Let’s make a super simple example to explain why money printing is GOOD, but let’s first explain why it would be BAD to stop printing all together. (Stage 1) Let’s say the 1%’ers decided it was time to pause spending and effectively took their “bucket” of cash off the market; you now have a total money supply of “M = M - 1%_balance”; so what does this do with the total M now? Well the total distributable available cash goes down, making the existing money now cost more because it is in strong demand and short supply. Rates rise, spending decreases, money is taken off the market , supply goes down, cost goes up and forever we are in this cycle . So what do you do? (Stage 2) YOU PRINT MORE MONEY and push it to the market. Now, you might be thinking that this creates inflation as well because now there are more dollars available but you actually will see a decrease in value of the dollar and deflate the economy (money worth less) HOWEVER because of the deflated value you must again adjust by raising rates (Stage 3) to create value again in this new money supply. BUT CAPITALISM! So now enter rise of cost of goods, simply a byproduct of greed, right, wrong , or indifferent. If the cost of money CHANGES then business as a whole changes with it to keep the same bottom line dollar (or increase even) in their pocket. The only thing changing this corporate dollar value is competition. This is where we are now. The cycles repeat endlessly and you should consider it in your investments. The next economic catalyst to move the money market would be anything to cause the 1%ers to close their purse and pause spending. That’s what you are looking for. | 2023-07-24 |
1,039 | 6 | TWLO positive EPS negative net income, negative basic & diluted EPS. | null | 8 comments | 2023-05-24 | How can a company have at the same time, looking at Q1 2023 for TWILIO, $TWLO:- positive EPS. $0.47- negative Basic EPS -$1.84- negative Diluted EPS -$1.84- negative net income -$342,139Where is the positive EPS coming from? | 2023-07-24 |
1,040 | 5 | Lucid introduction to the Chinese market: Long term outlook LCID
Company Discussion | null | 9 | 2023-05-24 | What is the long term outlook for Lucid with this news and what does NEV adoption look like there?
Will manufacturing, import/export, cost of materials, Chinese adoption or price factor into the success of Lucid's product and how?
Reference: https://www.reuters.com/business/autos-transportation/us-luxury-ev-maker-lucid-set-enter-china-market-2023-06-08/ | 2023-07-24 |
1,041 | 11 | (6/8) Thursday's Pre-Market Stock Movers & News | null | 1 Comment | 2023-05-24 | Good morning traders and investors of the r/stocks sub! Welcome to the new trading day and a fresh start! Here are your pre-market stock movers & news on this Thursday, June the 8th, 2023-
Stock futures are little changed Thursday as rally pauses: Live updates
Stock futures were flat on Thursday, as investors awaited the next market catalyst and digested the recent rally in stocks.
Futures linked to the S&P 500 ticked higher by 0.01%, while Nasdaq 100 futures inched down by 0.01%. Futures tied to the Dow Jones Industrial Average gained just 2 points.
GameStop shares tumbled roughly 19%. The video game retailer fired its CEO Matthew Furlong and appointed Ryan Cohen as its executive chairman.
The S&P 500 and Nasdaq Composite are coming off a down session. The broad-market index closed 0.38% lower, while the Nasdaq dropped 1.29%. The 30-stock Dow was the outlier, with a gain of 0.27% or 91.74 points.
“We’re in a bit of a news vacuum: Earnings are done, the debt ceiling is resolved, and we’re waiting for the Fed next week,” said Barbara Doran, CEO of BD8 Capital Partners on “Closing Bell: Overtime” on Wednesday. “It’s widely expected they will pause, but it’s really going to be important what their guidance is and what the [consumer price index] number on Tuesday will be and the [producer price index].”
Indeed, investors seem to be in a holding pattern while awaiting the Federal Reserve’s upcoming policy meeting on June 13 and 14. Economic signs suggest that inflation is inching down, even as it remains above the central bank’s 2% target. Wage growth, for instance, is slowing. Wages rose 5.3% on an annual basis in May, down 0.4 percentage point from April, according to data from Indeed. Markets are pricing about a 66% chance that the Fed keeps rates steady at the next meeting, according to the CME FedWatch Tool.
More economic data will arrive on Thursday morning, with weekly jobless claims and wholesale inventories due.
STOCK FUTURES CURRENTLY:
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YESTERDAY'S MARKET MAP:
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TODAY'S MARKET MAP:
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YESTERDAY'S S&P SECTORS:
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TODAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S ECONOMIC CALENDAR:
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THIS WEEK'S UPCOMING IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
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THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
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EARNINGS RELEASES BEFORE THE OPEN TODAY:
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THIS AFTERNOON'S AFTER-HOURS EARNINGS CALENDAR:
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EARNINGS RELEASES AFTER THE CLOSE TODAY:
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YESTERDAY'S ANALYST UPGRADES/DOWNGRADES:
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YESTERDAY'S INSIDER TRADING FILINGS:
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TODAY'S DIVIDEND CALENDAR:
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THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
GameStop — Shares plummeted nearly 21% in premarket trading. The company announced Wednesday the ousting of chief executive Matthew Furlong and said Ryan Cohen would take over as executive chairman.
STOCK SYMBOL: GME
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Wynn Resorts, Las Vegas Sands — The casino operators both shed about 2% following a downgrade by Jeffries to hold from buy. The Wall Street firm said Macao’s recovery is already priced into the stocks.
STOCK SYMBOL: WYNN
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STOCK SYMBOL: LVS
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Signet Jewelers — Shares tumbled nearly 11% after the jeweler provided second-quarter revenue and operating-income guidance that fell short of expectations. Signet also lowered its full-year earnings and revenue guidance to below expectations, citing increasing macro-economic pressures on consumers and a softer-than-expected Mother’s Day.
STOCK SYMBOL: SIG
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Lucid — Shares advanced about 2% after Lucid’s head of China operations Zhu Jiang said the electric vehicle maker is preparing to enter the Chinese market. Reuters, citing a person familiar with the matter, additionally reported the company is considering setting up production in China.
STOCK SYMBOL: LCID
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T-Mobile — Shares of the wireless provider added about 1% in premarket trading after Wolfe Research upgraded T-Mobile to outperform from peer perform. The investment firm said T-Mobile’s stock could rise more than 20% after underperforming year-to-date.
STOCK SYMBOL: TMUS
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Adobe — The stock gained about 2% following the company’s announcement it will offer its artificial intelligence tool, Firefly, to large business customers. Firefly is available through the standalone Firefly app, Adobe Express and Creative Cloud.
STOCK SYMBOL: ADBE
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HashiCorp - The stock sank more than 22%, a day after the company reported a first-quarter earnings miss and revenue beat. HashiCorp also announced targeted spending cuts and an 8% workforce reduction, citing the current customer and economic environment.
STOCK SYMBOL: HCP
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FULL DISCLOSURE:
/u/bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk.
DISCUSS!
What's on everyone's radar for today's trading day ahead here at r/stocks?
I hope you all have an excellent trading day ahead today on this Thursday, June 8th, 2023! :) | 2023-07-24 |
1,042 | 0 | Cautious investors not rewarding i3 Verticals, Inc. performance completely
Company Discussion | null | 2 | 2023-05-24 | What Does i3 Verticals' Recent Performance Look Like?
Recent times have been advantageous for i3 Verticals as its revenues have been rising faster than most other companies. Perhaps the market is expecting future revenue performance to dive, which has kept the P/S suppressed. If the company manages to stay the course, then investors should be rewarded with a share price that matches its revenue figures.
Is There Any Revenue Growth Forecasted For i3 Verticals?
There's an inherent assumption that a company should underperform the industry for P/S ratios like i3 Verticals' to be considered reasonable.
Taking a look back first, the company grew revenue by an impressive 22% last year. The latest three-year period has also seen a 21% overall rise in revenue, aided extensively by its short-term performance. Therefore, it's fair to say the revenue growth recently has been respectable for the company.
Looking ahead now, revenue is anticipated to climb by 13% during the coming year according to the six analysts following the company. With the industry only predicted to deliver 8.2%, the company is positioned for a stronger revenue result.
In light of this, it's peculiar that i3 Verticals' P/S sits below the majority of other companies. Apparently, some shareholders are doubtful of the forecasts and have been accepting significantly lower selling prices.
The Bottom Line On i3 Verticals' P/S
Using the price-to-sales ratio alone to determine if you should sell your stock isn't sensible, however, it can be a practical guide to the company's future prospects.
i3 Verticals' analyst forecasts revealed that its superior revenue outlook isn't contributing to its P/S anywhere near as much as we would have predicted. The reason for this depressed P/S could potentially be found in the risks the market is pricing in. While the possibility of the share price plunging seems unlikely due to the high growth forecasted for the company, the market does appear to have some hesitation. | 2023-07-24 |
1,043 | 7 | Investopedia - “IBKR has more fractional shares available across more markets than anyone else.” Your capital is at risk. | https://alb.reddit.com/cr?za=eFZdj4yXtqf-EMzFNkcvSwrQxeZMFXFFKQ3kpYiMeJqJJ_0b5CcPP_6fvB634qY0fTKjqn5h0gw6h8PkhY5SXWV1wAha_RBLtIrwvnMGUtM3J6geUTQJsdGMiyzuY7BxNKnUO7V1l1h69_vLWXviGjcmx8e0AKSLq-QTMRWLJ-Q_HQVyFack5gTkMhuLwisM65M4GyYjyJom_hzVKEdl0u-NoRsethekATNN1dcW16Xp9LLULYi7bxxccPM9tOv-al-DKCAQ_tmNCtPhvfwkgP6P5W-PjuL9DB2JfvaIxnbfgWFoYef1bZTUPqeaq1EF1AzMUemnWbVHsu1euBQYk59t_m37t0E2NCAAuf8Bkc5gyWKpHoh1ekzGQGzmF_28Z5Fk-36h2Q&zp=tRpgqjoBJLzNzKAdMZZfoZpCFNsJ1KFNMfh7vqm4JtePBZvdaoSdVw3kJwfsjSlpLca_8CekI1NEEl5_hdoBxKiFXe2CPJMVt5DKSZ73Dq4a_WNcXR3KNvtd14DEjLvcVFZ3wulJ3vzeGR-_7aXPwLg_PO96a0roe578OhxLjHWnNlBB2KGk7V1cMd3Y-tYVqy21wX5UQs17VndjPUfNfmCyDX-ud5F5ysIqwyEVjQqU0B38h6Qn9U7UYHihgKv5sKP_ZBOg | 0 | null | null | 2023-07-24 |
1,044 | 0 | Is Nike $NKE stock about to drop?
Rule 3: Low Effort | null | 16 | 2023-05-24 | https://nypost.com/2023/06/07/nike-set-to-unveil-gender-inclusive-kids-line-for-pride-month/
Nike set to unveil ‘gender-inclusive’ kids apparel line for Pride month The event is on June 13th
Target and Bud Light face backlash and lost sales due to this strategy. Go woke go broke. Will NIKE be next?
Surely they are aware of Bud and Target's fate. I suppose Nike thinks they will succeed while others have failed.
What do u think? | 2023-07-24 |
1,045 | 0 | Beef/Cattle Stocks or ETFs to Invest in?
Advice Request | null | 14 | 2023-05-24 | Recently I have been reading a lot about how shrinking cattle herds and a growing demand for beef in the U.S. is leading to skyrocketing beef/cattle prices, and that prices are expected to rise into 2024 as well. Are there any stocks or ETFs anybody would recommend looking into in order to gain exposure to this situation? | 2023-07-24 |
1,046 | 0 | Review my AAPL stock prediction from 2022 | null | 11 | 2023-05-24 | Was I right in 2022? AAPL just touched a record $184.95. I argued that AAPL's changes that came during the pandemic would prevent it from collapsing back to pre-pandemic price points like most other stocks.
__________________
Original post:
tldr: Pandemic stocks had no fundamental changes to their services and products in the last 2 years. AAPL had some substantial changes that came during the pandemic.
It makes a lot of sense that a lot of companies are normalizing back to pre-pandemic values because people are slowly easing back to normal life. This has led to crashes of 20-80% for many companies.
AAPL is still up ~100% since the pandemic. What are the reasons why AAPL won't drop back down too?
Here are my 6 reasons:
People severely underestimated how much impact the Trump administration destroying Huawei phones had on Apple. Apple benefited hugely as people bought iPhones instead of Huawei. In China, Apple is now the #1 smartphone maker again. Two years ago, I would have said this is impossible because of how strong Chinese phone makers have been and have been growing. In hindsight, the moment Trump announced the ban was the moment AAPL should have exploded.
5G super-cycle came during the pandemic
Superior supply-chain management during the pandemic allowed Apple to gain permanent market shares. In the US, the iPhone has surpassed Android in marketshare and is accelerating, which I thought would never happen again.
Mac transitioned to Apple Silicon during the pandemic, which is beating the pants off Intel and AMD chips in performance and performance per watt. Apple is now the fastest-growing computer maker and they're just getting started. The PC market is $150b/year, and Apple only has an 8% market share. If Apple is able to go up to 20 to 30%, that's a very respectable increase in revenue.
Apple is expected to eventually enter some of the hottest markets during the pandemic which were electric vehicles, self-driving cars, and the metaverse. While existing companies in those markets have dropped off, Apple hasn't even released a product for them yet. This means AAPL never actually caught the hype for these categories during the pandemic.
Investors never really caught onto Apple's new strategy until recently which involves gaining market share and selling services. Apple is no longer just serving the premium markets. The old saying "Apple products are overpriced" is no longer true. For $330, you can buy a new iPad. $250 and get the iPhone SE. $400 and get an iPhone SE. And I'm guessing Apple is planning a cheap Macbook SE to take PC market share too. These are excellent value products and serve as the entry points into Apple's iron grip ecosystem. Once you're in with one product, you can't get out. Next thing you know, you're buying Airpods every 2 years, subscribing to Apple Music, getting Apple Fitness+, upgrading to a Macbook Pro, using Apple Pay which gives Apple a % of the transaction, buying virtual items in stupid mobile games, etc... | 2023-07-24 |
1,047 | 0 | Shopify ($SHOP) stock sinks as market gains: what you should know | null | 2 comments | 2023-05-24 | In the latest trading session, Shopify ($SHOP) closed at $59.28, marking a -0.47% move from the previous day. This change lagged the S&P 500's 0.62% gain on the day. Meanwhile, the Dow gained 0.5%, and the Nasdaq, a tech-heavy index, lost 5.66%.Prior to today's trading, shares of the cloud-based commerce company had lost 5.71% over the past month. This has lagged the Computer and Technology sector's gain of 9.07% and the S&P 500's gain of 3.44% in that time.Investors will be hoping for strength from Shopify as it approaches its next earnings release. On that day, Shopify is projected to report earnings of $0 per share, which would represent year-over-year growth of 100%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.62 billion, up 24.92% from the year-ago period.$SHOP full-year Zacks Consensus Estimates are calling for earnings of $0.06 per share and revenue of $6.74 billion. These results would represent year-over-year changes of +50% and +20.32%, respectively.Any recent changes to analyst estimates for Shopify should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, I can interpret positive estimate revisions as a good sign for the company's business outlook.Based on our research, I believe these estimate revisions are directly related to near-team stock moves. I developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Shopify is currently a Zacks Rank #2 (Buy).Investors should also note Shopify's current valuation metrics, including its Forward P/E ratio of 1003.12. This valuation marks a premium compared to its industry's average Forward P/E of 22.99.The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 77, which puts it in the top 31% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.https://finance.yahoo.com/news/shopify-shop-stock-sinks-market-214520589.html | 2023-07-24 |
1,048 | 1 | 2M+ investors from 200+ countries/territories trade on 150+ global exchanges in 26 currencies. Your capital is at risk. | https://alb.reddit.com/cr?za=ubVOpEUNGP-PSpAVsKsmgybE3_ZGhr72OWeV6Sh2e_8kfnE1D440-4eoSm-lHG9xEN5YH0480h6-xzH6f3CbiwDuoYDc2MIvGa90y_IMDmgit1ObF03hWBPMGy7lA0Gt987vfrCcs5nBh1IncrYruy_2EN1Gsc6H2fqVkYWEIUH7MoUnLnviFTY4o_PbxOFrjWXJzhMiNmnN29aEwYqOqM5i8YxpuG7MBCsyd_q7-I0NH1fEVlxzw72bNVzQtfpzJvJK2FYrnljKQt33G9JNh7C-mpmL3g2wwxXSIose1S0_cWt3mhpmzqxm1WBr57_Z9QM428M-zc2lWbLA6ZhJGXgyYFRuOFKGHSs0ynt4gbLt4rnbTxRO_Kav4z9U6yb0oyuPOJ4d&zp=ujy-hBmFInWJPTBODSxkYc874AGiijrO7Mnf0ZAbbIGVWTb3WgJAf6e5LeytzyubqmpXYKEIWoTcIxttbFOAK8vAnkQCBuKhw4-0Z-wZHSXh4x7bYvMSSfHzhR_74mWGbpFneSSnoc1OGO1B4KlwczXxA911BveuTf5HRlJhWleyiIPaGXcBvLopVwLPzN7sCVZIIVICzULQA7zRYFCSYjX7-e87BCgA9kUMwplIU-O0RjoUv1Nm | 0 comments | null | null | 2023-07-24 |
1,049 | 0 | Starting to see the bearish "batman" sign form on S&P, buckle up | null | 24 comments | 2023-05-24 | I am not a huge TA fan, but of the few patterns out there the batman sign is one I tend to be hawkish on.For those wondering: https://www.tradingheroes.com/batman-chart-pattern/Can see the visual thereThen when we compare the S&P: https://i.imgur.com/UfU5LQ2.png where that next top hook is forming. Then factor in late Q3, Q4 probably recession, student loan repayments kicking in, spending dropping massively, poor ER, we will see the ultimate fall.Going to hide in some Treasury action and preferred stock ETFs once there is rotation out of equities. | 2023-07-24 |
1,050 | 6 | Is this one big problem with the belief of a recession? | null | 29 comments | 2023-05-24 | Okay so there are actually many problems with the belief of a recession including but not limited to: There are still too many open jobs, inflation is not getting under control with fed raising interest rates, etc. However the one big problem anyone should see that will make a recession hard is the fact that the wealthy are not investing like they normally do. The wealthy, who typically own 55% to 60% of the entire stock market are not investing as aggressively. They are hoarding cash and wouldn't this mean they will prop up stock prices if they fall too much? Leading to what we saw in March/April 2020 where we just have a flash crash and a booming recovery? I do not see us having a recession like 2008/2009 possibly ever again. Good chance our "recessions" will be akin to 2020 if even that - and on top of this even if we do have flash crash recession like 2020 we will almost for sure just keep rebounding and have a bull market lasting at least a year.Edit: Removed a sentence that was inaccurate. | 2023-07-24 |
1,051 | 50 | Non-tech growth stocks | null | 77 comments | 2023-05-24 | Trying to move more of my portfolio into growth stocks. Currently I own a lot of tech growth, but I am also looking at other sectors. Currently bought BROS, SHAK, COCO, and YETI. Any other suggestions? | 2023-07-24 |
1,052 | 22 | If you were asked to foresee an upcoming Black Swan event, what potential event do you believe might occur in the future? | null | 121 comments | 2023-05-24 | Hey fellow Redditors, if you were tasked with foreseeing an upcoming Black Swan event, what potential event do you believe might occur in the future? Black Swan events are those rare and unpredictable occurrences that have a significant impact on our lives. While it's challenging to accurately predict such events, it can be fascinating to explore various possibilities and share our imaginative insights. Curious to see if anyone will somehow guess it correctly. Take your best guess and we’ll see the results whether it be in a day or years. | 2023-07-24 |
1,053 | 1.5k | $3000 capital loss limit hasn't been updated since 1978 | null | 285 comments | 2023-05-24 | This seems way overdue for an adjustment.. I looked up the conversion and $3000 from 1978 is worth about $14,000 today.Just something I noticed for the first time and wanted to share. 45 years without any changes.Anyone know of any ways we can push for this limit to be raised? | 2023-07-24 |
1,054 | 3 | Looking for a variation of Compound Calculator | null | 10 comments | 2023-05-24 | I'm looking for an online calculator where I can calculate how compounded end result would look like :starting amount is 100 $, and then suppose I go up +30%on the total of above, I go down -20%on the new balance, Up some amountand so forth, I have found many online compound calculators, but If anyone here knows an online calculator or a way to input multiple entries of mixed positive and negative retursn and then see compounded end result of the overall. Would be greatThanks all | 2023-07-24 |
1,055 | 80 | Cathie Wood boosts Coinbase stake as SEC crypto crackdown widens | null | 89 comments | 2023-05-24 | Cathie Wood’s funds boosted their holdings of Coinbase Global as shares slumped after the US Securities and Exchange Commission accused the company of operating an unlawful exchange.Three Ark Investment Management funds, including Wood’s flagship Ark Innovation ETF, bought 419,324 shares of the cryptocurrency exchange operator Tuesday (Wednesday AEST) as it tumbled as much as 21 percent. The SEC made similar charges against Binance Holdings at the start of the week.Ark is the fourth-largest holder of Coinbase and has been adding to its stake on dips for nearly a year despite crypto market volatility caused by the collapse of Sam Bankman-Fried’s empire, a widening US regulatory crackdown, and a spate of bankruptcies in the industry.The SEC on Tuesday alleged that Coinbase evaded the regulator’s rules for years by letting users trade numerous crypto tokens that were actually unregistered securities. The exchange operator responded by saying it was willing to take the legal fight all the way to the Supreme Court.The crackdown on Coinbase has expanded, with state regulators from California to New Jersey demanding the company halt its so-called staking service, which offers customers a return for letting their tokens be used to facilitate blockchain transactions.Ark sold some of Coinbase's holdings in July, citing regulatory uncertainty after the SEC deemed some tokens listed on the US exchange’s platform as securities. Even after Tuesday’s slide, Coinbase shares are up almost 60 percent from their record low hit in December.Ms Wood’s flagship fund has risen 37 percent this year, compared with a gain of 33 percent for the Nasdaq 100 and a 12 percent advance for the S&P 500. Ark Innovation ETF slumped 67 percent last year.Ms Wood’s firm held more than 11.7 million Coinbase shares, or 6.3 percent of shares outstanding, as of March 31. Earlier this year, she reiterated her price target of $US1 million for Bitcoin, the largest cryptocurrency, which currently trades at around $US27,000. | 2023-07-24 |
1,056 | 8 | Eliminate grammatical mistakes, wipe out wordiness, and let your ideas shine. See for yourself why 30 million users are hooked on Grammarly's writing app. | https://alb.reddit.com/cr?za=sfLZOV2PU4_-pwCGdymO3cyRW9L1wN3MdVv3UuAKTCtrbQSa8acyw9NYZHsC-ZmYjyyZEpmvwz4t9RA5oDUTi9Tstqxfd-NHkNZC0uCt5Vsmk6sAo5HP_G59EPPqNQRpSYgo4VOgnnRg2gwShXHo7FjBfqjXfs6WW_GzF3sImkUJe0LQqsplcAMA7pYq2qz8EWSX8TfNkPNC5CfoGrbcKB9Xx-5oPXSJFheqz7FaTsLI9WfZrtO_MtO9pXomMlq5oggDedsjJs8Ho7NvGVEESbIZrlovaCKftpYRGae8PZ7iY2iOeC3E8biA-1pfhGZlYQ4Ltqddvt_PCQbbrNwSfFDjEnoE2kJioOwsV6UrWXjr88dQyBppVoj3yInvmgkhRg&zp=R_wzddf0lxFdR5aKyQJFs68xbWAb_7_yjTR4-vTemDQ5lYE5NmGBgtw-_GISOUYDoal3laHO3JPVxEv5MPpd7Rl5NGaXsuPwg7hctP9XVaLwTrpAVrxCraB7pISINPeux_ePw7K9MdkcGwhU16wRMEKQ1HmehLThl-M0qbhknjoVgUGdWwK2_IDTzNZubuIbAIR3IUeChu3Y-DMg71pD9KtlH1tJAYJWbvjWrO1WDEESQuzsolf1HtM | 0 comments | null | null | 2023-07-24 |
1,057 | 316 | We are just 8 SP500 points from official new Bull Market, Sentiment Indicators indicate we will go 10% higher. | null | 160 comments | 2023-05-24 | According to Barron's, The S&P 500 was nearing bull market territory Friday as stocks rallied following the latest employment report.The market benchmark was up 1.4% to 4,280.49. It would need to close at or above 4,292.438 to enter a new bull market, defined as a 20% gain from its low, according to Dow Jones Market Data.Well 2 days in a row it went thru 4292, but closed under it. Michael James McDonald on Seeking has recent article, where based on sentiment things he thinks should go higher. His charts have quite the track record. We had 4 extreme bearish short-term buy signals in last year and have never been past midway to a sell signal, so he thinks we go back to prior highs, which are about 10% higher before going down. All we need is +.25% for an official bull market. I tend to agree. BTW, IWM way stronger today than SPY and QQQ. Makes some sense, the weakest part of the market in last year.On his longer-term chart, a double signal, and in 2009 we only one signal, 2022 was quite a bit more bearish sentiment wise than 2009. Never in the Great Recession did things get as negative perception wise than as in the last year. All this lines up with my observations even though we use different methods.I have written two articles here on /stocks in last 10 days that revolved around my many years of watching the market and having never seen so many people think a recession was a sure thing before, which is not how recessions have started before. Cheers | 2023-07-24 |
1,058 | 4 | NYSE: LIN has disappeared from Google finance | null | 9 comments | 2023-05-24 | A few days ago I noticed that LIN was missing from my watch list. I have tried to re-add the symbol using the search function, and it turns up nothing. Branches of the company listed on foreign exchanges can still be found. Can anyone help me understand what's going on? | 2023-07-24 |
1,059 | 4 | Any suggestion for charting app/site for my usecase? | null | 14 comments | 2023-05-24 | I don't daytrade and mostly hold ETFs but I buy and sell some stock here and there. I'm looking for an app that would:Allow me to see 5-day charts per stockAllow me to chart 5-day charts of relative price against SP500Pretty much every Android app I saw so far shows you a 1-day view by default and to see 5 days you need to open the chart and change the time frame. I would like the 5-day to be the default.I have not seen any free app that can do relative price charting :( | 2023-07-24 |
1,060 | 1.2k | SEC sues Coinbase over exchange and staking programs, stock drops 15% premarket | null | 297 comments | 2023-05-24 | The Securities and Exchange Commission sued crypto exchange Coinbase in New York federal court on Tuesday morning, alleging that the company was acting as an unregistered broker and exchange and demanding that the company be “permanently restrained and enjoined” from continuing to do so.Shares fell 15% in premarket trading Tuesday. Coinbase stock had already fallen 9% on Monday, after the SEC unveiled charges against rival crypto exchange Binance and its founder Changpeng Zhao.Coinbase’s flagship prime brokerage, exchange and staking programs violate securities laws, the regulator alleged in its complaint. The company “has for years defied the regulatory structures and evaded the disclosure requirements” of U.S. securities law.The SEC has alleged that at least 13 crypto assets available to Coinbase customers were considered “crypto asset securities” by the regulator. Those assets include Solana’s SOL token, Cardano’s token and Protocol Labs’ Filecoin token.“We allege that Coinbase, despite being subject to the securities laws, commingled and unlawfully offered exchange, broker-dealer, and clearinghouse functions,” said SEC chair Gary Gensler said in a statement.Coinbase did not immediately respond to a request for comment.Source: https://www.cnbc.com/2023/06/06/sec-sues-coinbase-over-exchange-and-staking-programs-stock-drops-14percent.htmlWith Coinbase the de facto biggest crypto exchange, what are your thoughts on its ticker and the tidal wave that it’ll cause to other crypto-related stocks? | 2023-07-24 |
1,061 | 12 | Major Banks Miss the Mark: Should We Trust Analyst Forecasts? | null | 11 comments | 2023-05-24 | Deep analysis and sound reasoning are essential for making market predictions, but they don't guarantee accuracy. This reality became all the more evident when J.P. Morgan's forecast about the S&P 500 index testing the lows of the first half of 2022 didn't come to fruition. Similarly, Bank of America analysts, despite their thorough understanding of market conditions, also missed their mark, having anticipated a sustained bearish sentiment towards risky assets.Despite conditions that seemed ripe for a market downturn, both institutional ("smart") and retail ("dumb") investors, buoyed at least in part by buybacks and dividends, remained in the market. Consequently, the S&P 500 saw an approximate increase of 8.4% in the first half, and the Nasdaq surged by over 24%, this despite small-cap companies experiencing a downturn.Of course, professionals’ prognostications have almost never been uniform. In December 2021, Goldman Sachs forecasted that the S&P would finish 2022 at 5,100, while Morgan Stanley predicted a level around 4,400. However, the S&P 500 actually closed at 3,829, and none of the major analysts foresaw that 2022 would be the most challenging year for U.S. stocks since 2008.It's important to remember that predictions are models built on logical and comprehensible arguments. However, reality has a way of surprising us, and outcomes can deviate from expectations. In essence, if money continues to flow into the market, predictions of a decline based on a slowing economy may not necessarily materialize.Thus, the question of which professional prognosticators to trust, and under which circumstances, remains ripe for discussion. Do you typically heed analyst predictions—why, when, whose—and do you find them beneficial? | 2023-07-24 |
1,062 | 19 | r/Stocks Daily Discussion Wednesday - Jun 07, 2023 | null | 421 comments | 2023-05-24 | These daily discussions run from Monday to Friday including during our themed posts.Some helpful links:Finviz for charts, fundamentals, and aggregated news on individual stocksBloomberg market newsStreetInsider news:Market Check - Possibly why the market is doing what it's doing including sudden spikes/dipsReuters aggregated - Global newsIf you have a basic question, for example "what is EPS," then google "investopedia EPS" and click the investopedia article on it; do this for everything until you have a more in depth question or just want to share what you learned.Please discuss your portfolios in the Rate My Portfolio sticky..See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. | 2023-07-24 |
1,063 | 0 | 3 smart reasons to buy Shopify Stock ($SHOP) right now. | null | 11 comments | 2023-05-24 | -E-commerce trends are strengthening.-A change in strategy has Shopify refocused on its most profitable business.-The online retail star's free cash flow is set to soar.This growth stock's rally is just getting started.Shopify ($SHOP) is once again in investors' good graces. The e-commerce leader's stock price is already up more than 70% so far in 2023, as the market has begun to appreciate its exceptional long-term growth potential.Yet fortune-building gains could still be ahead for investors who buy shares today. Here are three reasons Shopify's stock is still a great buy.1. The online retail growth story is far from overE-commerce sales exploded during the early stages of the pandemic when COVID-related restrictions forced many retailers to shutter their stores. Online retail sales then slowed once those safety measures were lifted and people returned to their traditional shopping locations. But investors shouldn't make the mistake of projecting the recent downturn in e-commerce growth too far into the future.Retail trends are beginning to normalize. After experiencing some respite in recent years, brick-and-mortar retailers are once again being forced to close stores. Over 2,000 closures have already been announced in the U.S. alone so far in 2023. That figure could rise to more than 50,000 locations by the end of 2027, according to investment bank UBS.At the same time, online sales are expected to surge. Global retail e-commerce sales will top $8 trillion by 2026, up from $6.3 trillion in 2023, according to Statista.These trends should help to fuel Shopify's growth. More merchants will be compelled to invest in their online operations, which could drive sales of Shopify's best-in-class e-commerce software sharply higher in the coming years.2. A wise divestiture reduces the risks for investorsBetter still, Shopify should emerge as a more focused enterprise following the sale of its logistics business to supply chain specialist Flexport. The move marked an about-face for Shopify, which had until recently listed the buildout of its fulfillment network as a key part of its expansion strategy.Shopify purchased 6 River Systems for $450 million in 2019 and Deliverr for $2.1 billion in 2022. The warehouse solutions provider and last-mile delivery platform, respectively, were to form the foundation of Shopify's budding logistics network.But the company announced on May 4 that some of those assets would be transferred to Flexport. In exchange, Shopify would receive a 13% stake in the fast-growing supply chain company. Combined with its existing holdings, Shopify will own a "high-teens percentage" of Flexport, according to chief financial officer Jeff Hoffmeister.The deal will allow the two companies to focus on what they do best. It will strengthen Flexport's logistics network, which will provide air and ocean freight services to Shopify's merchant customers.Shopify, in turn, will no longer need to spend billions of dollars to build out its fulfillment network -- a high-risk endeavor with an uncertain payoff, particularly since it put Shopify in more direct competition with e-commerce titan Amazon. With these risks now reduced, investors are likely to value the newly streamlined and more profitable Shopify much more highly.3. Cost cuts could turbocharge free cash flow growthShopify also cut about 20% of its workforce as part of the divestiture of its logistics operations and other cost-reduction efforts. Although painful in the short term, these cuts should further bolster Shopify's profit margins and cash flow.Shopify's revenue jumped 25% year over year to $1.5 billion in the first quarter, driven by price hikes and an increase in sales made by merchants on its e-commerce platform. Shopify also produced $86 million in free cash flow (FCF), a significant improvement from the negative $41 million it generated in the prior-year period. Looking ahead, management expects the company to produce positive FCF for the rest of the year.In the company's earnings release, president Harley Finkelstein said, "Shopify's strong first quarter results demonstrate once again that we're the go-to solution powering businesses of all sizes, on every surface where they sell."With its improved cost structure and refocused strategy, the leading provider of e-commerce software solutions is in a good position to generate rapidly growing FCF for its investors in the years ahead. | 2023-07-24 |
1,064 | 156 | Ready to ditch the fax machine and embrace the future of faxing? With eFax, you can send and receive faxes right from your computer, or smartphone. | https://alb.reddit.com/cr?za=kJHHp8lvPpIlBVGQu2QiYcMgmBUyYxZlnBTkvO3BF-nOmnXIsxGaw1_AwlywzrOkOSO_8HNzfYgDjVakswBvi8VPuiFs4mlmzUpKq5BAEWiAkc8Q5UyluvVERvs71fBY42quS47E08dMbAOwkMQzczEAiP947ryv1in0_HvmmQMqxwMVwc8QTTN2CjeIvviOytyluaIpBfAXfGe-fxVa_0Fd5lfFgkjDt2c9Bqy2-lYhWcxvAkEqHP3pfdfLwqL4VZGdcvIjXLig5Wwiv3D7ta_AAB_5x0-61SLmLmnTuCWn7WeXZUfx8M_wMXGVCsZlcwFkgd8F0FtQitz6bRaY0AEWVna8QNCdwiQp8eBOrVnpehYjK_H2BdHQqDT2cJBdGY_j1w0G&zp=6yuuIL3M2X0ifn6_8WQ70dCkfN-BP2vgDZZyf_ivaNlJrgs2KNMR2PKc9wUIrVzn2J-KwOLikHAJVSYubNX1DY3iN2tja4yk4No-Pt_qXJiLE53I_dW2-3ciRNyLvcy25F-Jc7c80w2Iro1xYhbnJE4-v9jhzFkxI2YsNlPdChGhtT-UjTJZSzyd3-Mf5DK2vjULh5UAGfZd5iKRhNorjRp8almrbT62GrR2D609jqbjiOgiLYV6KNw | 0 comments | null | null | 2023-07-24 |
1,065 | 5 | What are these conversion companies called? | null | 21 comments | 2023-05-24 | Perhaps I am wrong - but I am seeing a unique buying opportunity in companies that specialize in converting commercial real estate into residential real estate, in the next several years. In fleshing out my thought process - I am trying to find the right term to research. Can anyone help? "Real estate conversions". "construction conversions"? Is there a specific term for these companies/investments? Thanks in advance! | 2023-07-24 |
1,066 | 13 | Regional banks exposed to REITs/Commercial property | null | 8 comments | 2023-05-24 | The rumblings are getting more and more audible that there are increasing defaults on loans for commercial property. Given that many regional banks are already struggling after the collapse of SIVB, Signature Bank and FRC, who has most exposure to them and might be in trouble? Are any big banks overly exposed? | 2023-07-24 |
1,067 | 20 | What percentages of your portfolio are allocated in Amazon, Apple, Google and Microsoft? | null | 113 comments | 2023-05-24 | I believe that these companies are too significant to face failure, and their growth will persist in both the short and long term. Additionally, they will gradually acquire additional market share, even venturing into industries such as automotive, as seen with Apple and Google. They will eagerly invest in promising startups, employing any means necessary to eliminate competition and establish dominance. With abundant financial resources and exceptional intellect, they possess the ability to expand continuously. And they will be overvalued too if not already.Yet I'm slowly moving my portfolio to have more and more these stocks. I'm curious what percentages of your portfolio are allocated in AMZN, AAPL, GOOG and MSFT? Ignore the portions in your ETFs. (I understand index fund is the way but may be that's not for me) | 2023-07-24 |
1,068 | 2 | US Citizen looking to transfer LSE stock options | null | 3 comments | 2023-05-24 | I'm leaving my current job and have stock options with the LSE. What company can handle these options for a US citizens? Edward Jones and other big companies have said they cannot handle these types of stock options. Any suggestions/advice is greatly appreciated. | 2023-07-24 |
1,069 | 11 | Flexport acquisition fuels Shopify's growth, driving SHOP stock to a soaring high | null | 2 comments | 2023-05-24 | Shares of e-commerce giant Shopify (SHOP) are popping up on Tuesday.Management just announced the completion of its previously signaled logistics arm sale.SHOP stock is likely increasing on improved streamlining implications.Shares of e-commerce giant Shopify are popping higher on Tuesday early afternoon, cutting across a lackluster session on Wall Street. Specifically, management just announced the completion of its sale of Shopify Logistics to Flexport, a leading tech-driven global logistics platform.SHOP stock is gaining about 6% on the news.According to the accompanying press release, Shopify completed the sale in accordance with the transaction agreement dated May 3, 2023. Under the deal, the e-commerce specialist will receive stock representing a 13% equity interest in Flexport. This investment is “incremental to its existing equity interest in Flexport.”According to the press release, the transaction “takes the logistics solution Shopify has been building and places it in the hands of a trusted and mission-aligned partner, Flexport.” Shopify management will provide more details regarding the impact of the sale during the company’s upcoming second-quarter disclosure.SHOP Stock Rises on Streamlining ImplicationsShopify first announced the sale of its logistics business in its Q1 2023 earnings release. Management initially wanted to focus on developing an “asset-light” and “less capital-intensive logistics infrastructure, culminating with the Deliverr acquisition in 2022.” However, analysts did not take kindly to that deal, which in their view clouded SHOP stock regarding free cash flow (FCF) profitability.Fundamentally, then, management issued a U-turn and moved away from further expanding its logistics infrastructure. Instead, Shopify appears to be seeking to recover its profitability metrics. Management recently updated the company’s FCF outlook for fiscal 2023, stating that Shopify “plans to achieve free cash flow profitability for each quarter of 2023.”That’s a conspicuous departure from prior consensus estimates, which called for negative FCF through fiscal 2024. While management promised more details to come during the Q2 conference call, it’s evident that Shopify is emphasizing improved margins.E-Commerce Sentiment RisesCurrently, data from Fintel indicates that the put/call ratio for SHOP stock in the options market stands at 0.98. On paper, this ratio indicates relatively neutral sentiment, suggesting near-equal demand for both calls and puts. However, because the U.S. equities market has an upward bias, a ratio of 0.7 typically delineates bullish and bearish sentiment.That said, Fintel’s screener for options flow indicates predominantly bullish for SHOP stock for the June 6 session, as of this writing. For example, the most recent trade involves call purchases in a multi-sweep transaction.Notably, other e-commerce enterprises are also enlivening a soft Tuesday on the Street. Industry stalwart Amazon is gaining about 1% while Overstock.com is soaring more than 11%.Why It MattersOver the past three months, analysts peg SHOP stock as a consensus “moderate buy.” However, within the last 30 days, analyst views have shifted rather poorly. Among five expert opinions, three rated SHOP as a “hold” while two came in as “sell” ratings. Further, the average price target for shares currently sits at $61.65, implying almost 3% downside risk. | 2023-07-24 |
1,070 | 4 | (6/7) Wednesday's Pre-Market Stock Movers & News | null | 0 | 2023-05-24 | Good morning traders and investors of the r/stocks sub! Welcome to the new trading day and a fresh start! Here are your pre-market stock movers & news on this Wednesday, June the 7th, 2023-
Stock futures slip after S&P 500 notches highest close since August: Live updates
Stocks futures slipped Wednesday after the S&P 500 notched its highest closing level of 2023.
Futures tied to the Dow Jones Industrial Average dipped 38 points, or 0.1%. S&P 500 futures and Nasdaq-100 futures were down 0.1% each.
The tail-end of earnings season pressed on with results from Dave & Buster’s and Stitch Fix. Dave & Buster’s gained about 3%, while Stitch Fix added 5%.
Stocks edged higher during Tuesday’s session. The broad index added 0.24% to finish at its highest level since August 2022, while the Nasdaq Composite rose 0.36% to end at its highest close in 2023. The Dow Jones Industrial Average ticked 10.42 points higher, or 0.03%, pressured by health stocks Merck and UnitedHealth.
Seven major S&P sectors finished Tuesday’s session with gains. The financial sector added 1.3%, boosted by regional banking stocks and bellwethers like Goldman Sachs and Morgan Stanley.
Tuesday’s uptrend trailed last week’s blowout rally. However, continued modest gains instead of sharp pullbacks after a major upswing could signal more good news ahead, said Adam Sarhan, CEO of 50 Park Investments.
“The fact that it refuses to fall to me is extremely bullish,” he said. “Normally, after a big run up, you see a market pullback, and when the market doesn’t pull back and goes sideways, that to me is very bullish.”
A light period for economic data continues ahead of next week’s Federal Reserve policy meeting, with trade balance data due out before the bell Wednesday. Earnings from Campbell Soup and GameStop are also on deck.
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Tesla — Shares of the electric vehicle maker added more than 3% in premarket trading after an update on the company’s website showed that new Model 3 and Model Y cars are eligible for a $7,500 tax credit from the Inflation Reduction Act.
STOCK SYMBOL: TSLA
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Netflix — The streaming giant climbed 3.1% after JPMorgan increased its price target on the stock, citing the company’s effort to limit password sharing on its platform. The said the move could fuel revenue growth, JPMorgan said.
STOCK SYMBOL: NFLX
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Stitch Fix — Shares jumped more than 7% after the company’s fiscal third-quarter revenue and adjusted EBITDA earnings came above expectations. The company mentioned it focused on “improving efficiencies, maintaining profitability and cash flow” during the third quarter.
STOCK SYMBOL: SFIX
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GameStop — The meme stock added 2.4% premarket ahead of quarterly results on Wednesday. Analysts polled by FactSet are forecasting a quarterly loss of an adjusted 15 cents per share.
STOCK SYMBOL: GME
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Petrobras — The Brazilian oil giant rose 2% in premarket trading after Morgan Stanley upgraded the stock to overweight from equal weight. The bank said Petrobras could deliver a larger dividend to investors this year than it has historically.
STOCK SYMBOL: PBR
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Coinbase — The crypto exchange climbed about 2% in premarket following a 12% selloff the day before. The SEC sued Coinbase on Tuesday, alleging the company was operating as an unregistered exchange and broker. Ark Invest’s Cathie Wood bought the dip in Coinbase.
STOCK SYMBOL: COIN
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NovoCure — The oncology company added 3.2% before the opening bell. The company just wrapped up a presentation of key data from a study linked to a treatment for lung cancer at the 2023 American Society of Clinical Oncology Annual Meeting which reached its “primary endpoint.”
STOCK SYMBOL: NVCR
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Yext — The online marketing firm soared more than 17% in premarket trading on better-than-expected quarterly results. Yext earned an adjusted 8 cents per share in the first quarter on revenue of $99.5 million. Analysts expected a profit of 5 cents per share on revenue of $98.5 million, according to StreetAccount.
STOCK SYMBOL: YEXT
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FULL DISCLOSURE:
/u/bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk.
DISCUSS!
What's on everyone's radar for today's trading day ahead here at r/stocks?
I hope you all have an excellent trading day ahead today on this Wednesday, June 7th, 2023! :) | 2023-07-24 |
1,071 | 0 | Tesla the New AI powerhouse ( not priced in) | null | 28 | 2023-05-24 | Just got an alert from a yahoo article about musk promising NVIDIA won't have a monopoly.
'Musk does not name potential Nvidia rivals in this market. The billionaire is building his own AI platform. In addition, he also promised last month a ChatGPT moment for Tesla this year or next. Basically, the electric vehicle manufacturer is very advanced in AI so that its vehicles will be completely autonomous in the coming months.'
If this is true and TESLA gets a price to sales of 50-75 for being AI company, what will the market cap be? Puts us around 4 trillion at todays revenue.
If AI takes off we might be around 10-30 trillion valuation, the low side of what some youtubers were claiming.
if this is the case Tesla is cheap here. | 2023-07-24 |
1,072 | Vote | Verliebt, verkatert, hyped oder entspannt. Das Radio SRF Virus ist live mit dir, für alle deine Moods. Mit unseren fünf Hosts mit fünfmal mehr Charakter. Jetzt reinhören und mitreden. | https://alb.reddit.com/cr?za=Kszi69w4WPbw4PvmJSYCFQ_hVBUe2l2n1rxj8U3FL_c3XcnbsI7CDBUP0gfUq0mVmeelUrHT-hi_yxP2Cs-zCqN24lBGleFZVDse5s_hH_Pw8ScOX6zWnxojpcFc2OCeeN_FwL83rnAuTEUZAUZ9GmogMU1no7LJlpg_NlZR4Wo4O_mr1dGJKirDF6p80yLmWM0xlI6Rh4Na_jg_BBQJznsz6s4AxXt927sXE0o4MwSZRLKPfUYEJPViESVNwJJvadM-upKH7D6dxesiHk1j0DLRjPiKKfD4eNrYItbldgkQyrX_m7uW89irOYDKnXyB6A9Jmq8EDV9_MprEGKkenqBXRzRWxt5yjqyCxEvNXrNZJo1qYsg9N0JIo-5YG4xt&zp=Rlm4NgFIH0sJ9vVziQM6LUMDXtaBg10kyDgbdpu_aZHqhnNp1rRs2i6FUQHkeJDd8jvkSu6NE-N87ysyzg5pWubGVwazolrBSQy1LnLGBQlj-d5zyslwIj6VFFy_Bus61jQaGyqHzlm7AYCCWWnQaSbPZyrAus3CLyxxUMLcDz_GENVyjuX8vEEgqNosLtw7fQPbEaSQI6N2LiHUBCcf5CCfWurs5Vv2YDNm9bPdY5MVDI5AThjOiExbCVK66OI4bp2lOYC15g | 0 | null | null | 2023-07-24 |
1,073 | 0 | Elon Agrees that NVIDIA will dominate for a long time but not forever. Competition is coming... | null | 28 | 2023-05-24 | https://twitter.com/elonmusk/status/1666479033817653249?s=20
It is well known that Amazon, AMD, Facebook, Google and even Tesla are developing TPUs specifically for training larger AI models. However Nvidia does have a software moat as most of the current development is done via CUDA. What do the others need to do to take away NVIDIAs dominance ? | 2023-07-24 |
1,074 | 2 | Shopify Stock ($SHOP) offers a new entry amid expected 715% profit growth.
Company News | null | 11 | 2023-05-24 | Shopify ($SHOP) is the IBD Stock Of The Day as it bullishly rebounds, offering up a new entry in the process.
The Canadian company sets up e-commerce websites for small businesses. It also partners with others to handle digital payments and shipping.
Current earnings are not ideal, but future profits are seen surging, with analysts expecting mammoth growth of 715% in 2023, according to MarketSmith data.
Shopify stock ($SHOP) is actionable as it rebounds from its 21-day line and moves above a trendline, topping its recent high of 61.49. Shares jumped 6.2% to close at 63.66 on the stock market today.
It also is working on a new base, though it is slightly too deep to qualify as a flat base. More conservative investors may opt to see how this progresses.
IBD Stock Of The Day Offers Entry
$SHOP has made good progress since gapping up above a buy point of 49.86 from a cup with handle in early May. Despite recent progress, it still has a long way to go before it comes close to its all-time high of 176.29, which it reached in November 2021.
All-around solid performance has netted Shopify stock a near-perfect IBD Composite Rating of 98.
Stock market performance is its strongest suit. SHOP's Relative Strength Rating is 97, putting it in the top 3% of stocks in terms of price performance over the past 12 months. It also is up around 75% since the start of the year.
Earnings performance is the Achilles' heel at the moment, with Shopify's EPS Rating coming in at 60 out of 99. But earnings growth is seen as being robust going forward. In addition to the 715% EPS growth seen for fiscal 2023, Wall Street expects 66% growth in 2024.
Analyst Backs Shopify Stock ($SHOP), Cites AI
Strong performance has netted Shopify stock a spot on the IBD Leaderboard list of top equities.
CFRA analyst Angelo Zino is rating Shopify stock as a buy with a 68 target. He hailed the firm's move to sharply cut expenses and to divest its logistics business. Artificial intelligence initiatives are also seen as possible catalysts.
"We like greater penetration for Shopify Payments as well as AI initiatives," he said in a May 27 research note. "We think subscription revenue, about a quarter of sales, will be bolstered by higher pricing (effective January for new customers and April for existing) should support higher revenue ahead."
The company announced the sale of its delivery and logistics business to Flexport when earnings for Shopify were reported back in May. The sales price of the deal was not disclosed.
https://www.investors.com/research/ibd-stock-of-the-day/shopify-stock-offers-new-entry-amid-expected-715-percent-profit-growth/ | 2023-07-24 |
1,075 | 0 | Investors where looking at the wrong thing that’s gonna make Apple more $$$$ in that keynote .
Company Discussion | null | 15 | 2023-05-24 | Shiny new toy that you wear on your head and competed with meta for its metaverse stuff…. It’s expensive and meh ..::
That’s what investors saw… and sold…
This on the other hand is “the” thing…
https://www.ign.com/articles/apple-introduces-new-porting-toolkit-to-try-to-bring-more-pc-games-to-mac
Getting more high end games on the apple ecosystem is a big deal and potential money making ploy and making apple stock more attractive.
Apple revenue from gaming has been growing a lot.
Also, the new VR headset is being pushed more as a new type of display that’s more inmersive that of course make gamers more curious about and potential early adopters.
It’s still very early to tell if and how well it will work and make developers want to port over their games. Specially after that epic vs apple lawsuit thing and how much apple charges via the App Store. On the mac side this isn’t an issue so maybe the whole idea is to support the new VR development or maybe apple is gunning for more services somehow. | 2023-07-24 |
1,076 | 8 | How do gains work on set price offers? | null | 7 comments | 2023-05-24 | As a part of a share placement. Infratil (NZX:IFT) is offering a set price of $9.20 per share, an 8.9% discount to their last closing price. I’ve never considered buying shares in this way before so I’m curious, how will gains work if I’ve bought the shares at a lower than public price? And for the future are opportunities similar to this one generally worth investing in or not?Relatively new to investing so all advice is welcome. | 2023-07-24 |
1,077 | 3 | Trade worldwide with a broker you can trust! Your capital is at risk. | https://alb.reddit.com/cr?za=mUslgy0FNG_uxdoYn6LMz1vXqhw1uuD3hly3UWbgrTMl6R4jKEL6fkFbLCBcsInFYtcK2Ltp28hbLpdCHmfK1xHfUUFvitxA6eztbRrcxdcj0KnWh4aySWH4Rby153a8HF7xyf_hthG6s6A8h0g_Tfo4_-VKt-eqV8j54ZW7ULtjPjDNH6WMGkhkHV-NxakpWnGphebiXjq0Y4s2ElX8r16E7AJLn6b3F-8Jh8QUO7aYn36IH_pe-dqDcIA8Qi_pqvB-_hbYM9lPHR8yBKHo_FOgtW8TVOK6jKtg3M3UoGiKF3vlYjij20am_JxwH2wJcgIf404hOIyB1tJO3QMCLJ5Ilfx804Scwqp8CxGubod7wewm9jLJLrP9_ImNxzk2DQTBoDDE&zp=d7Q-IfueeQQGpWn9sy9_yZumWJ6FzmP9NA_0JHBCbp7RD-UY0soOYFGW1WCtqDA9KiyiIizCe3LzqUtl3HpfECRl_RwIBvEhRY4Gi4hw2tZkWOxIqnUlzdM9nRDRcax1q90sf31MDKrdyDn-FvOk7VHO-KsWhtB6yi_3BdKoeGTpEPk5LXVu1uCzKYgOOvRGtefTGpou5dOxSx8ZKGc2-si343GifxWiDahHC-ZL04L9vayaOt1L9cdcEwExWgv_eyNwEw | 0 comments | null | null | 2023-07-24 |
1,078 | 1.1k | Apple Unveils Vision Pro AR/VR Headset, Its First Major New Product In Nearly A Decade | null | 1.1k comments | 2023-05-24 | On Monday, Apple unveiled its much-anticipated mixed reality headset, the Vision Pro, the tech giant’s first major new product category since 2015’s Apple Watch.The new device, packed with cameras and sensors, looks like a futuristic pair of ski goggles, and can immerse a wearer in virtual reality but also blend in the real-world elements of augmented reality. CEO Tim Cook announced the new product at the company’s Worldwide Developers Conference held at its sparkling Apple Park headquarters in Cupertino, CA.Apple’s virtual reality plans date back roughly a decade, and Cook has been teasing his ambitions publicly for the better part of that time. As far back as 2016, the company filed patents for lightweight eyeglasses and a bulkier device. But while Cook reportedly preferred the more compact option, according to reports by Bloomberg, the technical challenge forced Apple to change its strategy.The device announcement comes years after other Silicon Valley juggernauts including Meta and Google parent Alphabet have tried to bring high-tech headsets into the mainstream. Facebook in 2014 bought the startup Oculus for $2 billion and has released two generations of its Meta Quest, geared mostly toward gamers. Microsoft in 2016 made a big bet on its Hololens headset, a 3D augmented reality device, but has failed to gain traction with consumers. Google made the buzziest splash more than a decade ago with its disastrous Google Glass, a sleek headset with a camera on board. The product drew immediate outrage, with early adopters dubbed “glassholes.”Apple has rarely been first to new product categories, instead letting other companies take the lead while it developed products it hoped could dominate over rivals. Apple was beat to market in mp3 players, smartphones, tablets and smartwatches, but its iPods, iPhones, iPads and Apple Watches have all become category-defining devices.Apple will have a bigger challenge ahead as it asks people to put its latest product directly on their faces for everyday use—an aim which has eluded all its well-capitalized predecessors. Today’s headsets often lead to people complaining about the devices overheating, being too heavy to wear for too long or leaving sweaty foreheads. Others have found the experience of being disconnected to the real world—immersed in full-on virtual reality for long periods of time—too isolating. Cook said in an interview with GQ earlier this year that Apple’s device could increase collaboration, though Meta CEO Mark Zuckerberg’s vision to achieve a similar effect in the workplace has failed to take off.https://www.forbes.com/sites/richardnieva/2023/06/05/apple-unveils-reality-pro-arvr-headset-its-first-major-new-product-in-nearly-a-decade/?sh=15606f2d37e8 | 2023-07-24 |
1,079 | 37 | Apple's mixed reality headset announcement sends Unity stock soaring | null | 11 comments | 2023-05-24 | Unity Software (U) stock soared on Monday, rising nearly 20% into the close after a shoutout during Apple's (AAPL) Worldwide Developers Conference.Unity's gaming software will be used in Apple's new mixed reality headset, the Apple Vision Pro, Apple announced on Monday."We know there is a community of developers who have been building incredible 3D apps for years," Apple's vice president of worldwide developer relations said during the WWDC presentation. And today we are excited to share that we've been working with Unity to bring those apps to Vision Pro. So popular Unity-based games and apps can gain full access to vision OS features such as pass-through, high-resolution renderings, and native gestures."Volume in Unity stock shot up to more than triple the 20-day moving average as the stock had its best intraday performance since November 10.Unity operates a cross-platform game engine that was first discussed at an Apple WWDC in 2005 in regard to the Mac. The company went public in 2020 and the stock was bought up to nearly $200 a share during the 2021 tech surge in stocks. Ark Innovation Founder Cathie Wood is a shareholder. Unity is the 15th largest holding in Ark's flagship fund, the Ark Innovation ETF (ARKK) and represents 3.46% of the total portfolio.On May 10, Unity reported first-quarter earnings that beat Street estimates for revenue while posting a wider-than-expected loss per share. Unity reported first-quarter revenue of $500.36 million compared to Wall Street estimates of $477.67. Unity's adjusted earnings per share loss of $0.09 was more than $0.01 the Street had been expecting.Like others in the gaming sector, Unity spent its first-quarter earnings call positioning itself as an AI winner."AI is going to have a profound effect on the industry," Unity CEO John S. Riccitiello said on the company's earnings call. "First, it's going to lead to inflection up in growth as game types are built that were no longer — were not previously possible. And secondly, we're going to see, I believe, some of the crazy expense that goes on in some high-end production come down some. It's a favorable part of the game industry for growth. And I guess it'd be very favorable for Unity as we drive some of these changes through the industry." | 2023-07-24 |
Subsets and Splits